Bank Failure
PARISH FEDERAL S & L ASSOC.
Closed July 20, 1989 · DENHAM SPRINGS, LA · FDIC Cert #31984.
- Closing date
- July 20, 1989
- Headquarters
- DENHAM SPRINGS, LA
- FDIC Certificate
- 31984
- Total assets at closing
- $14,723,000
- Total deposits at closing
- $14,881,000
- Estimated loss to DIF
- $4,364,000
- Resolution type
- other
- Acquirer
- PAYOUT (FDIC Cert #7231)
Context
On July 20, 1989, regulators closed PARISH FEDERAL S & L ASSOC., headquartered in DENHAM SPRINGS, LA. At closing, the institution held approximately $14,723,000 in assets and $14,881,000 in deposits. The FDIC arranged a resolution under which PAYOUT acquired the failed bank's operations. The estimated cost to the FDIC Deposit Insurance Fund was approximately $4,364,000.
Source: FDIC Failed Banks list. Asset and deposit values reflect the most recent regulatory filing prior to closing.
Other failures in 1989
| Date | Bank | HQ | Assets |
|---|---|---|---|
| 1989-12-21 | COLUMBIA FSA | NASSAU BAY, TX | $77,141,000 |
| 1989-12-21 | SILVER SAVINGS ASSOC. | SILVER CITY, NM | $32,209,000 |
| 1989-12-20 | FIRST CITY NATIONAL BANK AND TRUST | NEW YORK, NY | $39,512,000 |
| 1989-12-20 | UNITED COMMUNITY BANK | WESTLAKE VILLAGE, CA | $32,288,000 |
| 1989-12-15 | FIRST AMERICAN BANK AND TRUST | NORTH PALM BEACH, FL | $1,382,924,000 |
| 1989-12-14 | YORKRIDGE-CALVERT FEDERAL SAVINGS | BALTIMORE, MD | $585,792,000 |
| 1989-12-14 | LOUISIANA SAVINGS ASSN. | LAKE CHARLES, LA | $449,258,000 |
| 1989-12-14 | FIRST ACADIANA BANK | EUNICE, LA | $46,767,000 |
Explore: all failures · LA bank events · 1989 events · events hub