Bank failure · LA
United Federal Savings, Fa (New Orleans, LA) — failed March 16, 1990
United Federal Savings, Fa of New Orleans, Louisiana was closed on March 16, 1990 and resolved through a insured deposit transfer. United B&tc (LA) took over its insured deposits. At failure it held $53.2M in assets and $43.9M in deposits. The FDIC's estimated loss on the failure is $16.5M (31.0% of assets).
- Closing date
- March 16, 1990
- FDIC certificate #
- 31455
- Resolution
- Insured deposit transfer (failure)
- Acquiring institution
- United B&tc
- Insurance fund
- RTC
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