Bank failure · LA
Twin City Fs & LA (West Monroe, LA) — failed September 19, 1987
Twin City Fs & LA of West Monroe, Louisiana was closed on September 19, 1987 and resolved through a insured deposit transfer. Secor Bank, FSB (AL) took over its insured deposits. At failure it held $149.5M in assets and $182.4M in deposits. The FDIC's estimated loss on the failure is $160.6M (107.4% of assets).
- Closing date
- September 19, 1987
- FDIC certificate #
- 31527
- Resolution
- Insured deposit transfer (failure)
- Acquiring institution
- Secor Bank, FSB
- Insurance fund
- FSLIC
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