Bank failure · LA

The Jefferson Guaranty Bank (Metairie, LA) — failed January 13, 1988

The Jefferson Guaranty Bank of Metairie, Louisiana was closed on January 13, 1988 and resolved through a a/a. The Jefferson Guaranty Bank (LA) took over its insured deposits. At failure it held $292.4M in assets and $274.4M in deposits. The FDIC's estimated loss on the failure is $57.5M (19.7% of assets).