Bank failure · LA
South S & L Assoc. (Slidell, LA) — failed August 7, 1989
South S & L Assoc. of Slidell, Louisiana was closed on August 7, 1989 and resolved through a payout (deposit payoff). Branch Sale (NA) took over its insured deposits. At failure it held $267.4M in assets and $235.9M in deposits. The FDIC's estimated loss on the failure is $86.8M (32.5% of assets).
- Closing date
- August 7, 1989
- FDIC certificate #
- 29832
- Resolution
- Payout (deposit payoff) (failure)
- Acquiring institution
- Branch Sale
- Insurance fund
- RTC
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