Bank failure · LA
River City Federal Savings (Baton Rouge, LA) — failed March 16, 1989
River City Federal Savings of Baton Rouge, Louisiana was closed on March 16, 1989 and resolved through a insured deposit transfer. Hibernia Nb (LA) took over its insured deposits. At failure it held $61.2M in assets and $98.3M in deposits. The FDIC's estimated loss on the failure is $86.6M (141.4% of assets).
- Closing date
- March 16, 1989
- FDIC certificate #
- 32041
- Resolution
- Insured deposit transfer (failure)
- Acquiring institution
- Hibernia Nb
- Insurance fund
- RTC
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