Bank failure · LA

Vermilion FSB (Abbeville, LA) — failed May 10, 1991

Vermilion FSB of Abbeville, Louisiana was closed on May 10, 1991 and resolved through a purchase and assumption. First Acadiana Nb (LA) took over its insured deposits. At failure it held $17.8M in assets and $17.6M in deposits. The FDIC's estimated loss on the failure is $323K (1.8% of assets).