Bank failure · LA
Terrebonne S & L Assoc. (Houma, LA) — failed August 7, 1989
Terrebonne S & L Assoc. of Houma, Louisiana was closed on August 7, 1989 and resolved through a insured deposit transfer. St. Mary B&tc (LA) took over its insured deposits. At failure it held $26.6M in assets and $23.9M in deposits. The FDIC's estimated loss on the failure is $7.0M (26.2% of assets).
- Closing date
- August 7, 1989
- FDIC certificate #
- 31396
- Resolution
- Insured deposit transfer (failure)
- Acquiring institution
- St. Mary B&tc
- Insurance fund
- RTC
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