Bank failure · LA

Republic Fs&la (Lafayette, LA) — failed September 20, 1982

Republic Fs&la of Lafayette, Louisiana was closed on September 20, 1982 and resolved through a a/a. Acadia S&la (LA) took over its insured deposits. At failure it held $19.3M in assets and $17.0M in deposits. The FDIC's estimated loss on the failure is $249K (1.3% of assets).