Bank failure · LA

Union Fs&la (Pineville, LA) — failed October 1, 1982

Union Fs&la of Pineville, Louisiana was closed on October 1, 1982 and resolved through a a/a. Pelican Homestead & Sa (LA) took over its insured deposits. At failure it held $29.1M in assets and $25.0M in deposits. The FDIC's estimated loss on the failure is $1.5M (5.0% of assets).