Bayou Federal Savings and Loan Association

Status:Inactive as of 03/31/1987
 Merger - Assisted
Successor Bank:First Federal Savings Bank of New Orleans
Headquarters:Bayou Federal Savings and Loan Association
3163 Gentilly Boulevard
New Orleans, LA 70122
Established:01/01/1982
FDIC Insurance:03/08/1983
FDIC Cert:#32156
Charter Class:
Total Assets:$25,833,000
Total Deposits:$28,256,000

History

1982-01-01Institution established: Original name:Bayou Federal Savings and Loan Association
1987-03-31Failed. Acquired with government financial assistance and subsequently operated as part of 1ST Federal Savings Bank of New Orleans (31843)
1990-06-15Institution established: Original name:First Savings Bank of New Orleans, F.S.B. (33086)
1990-06-15Failed, went into receivership, and then became part of First Savings Bank of New Orleans, F.S.B. (33086)
1990-06-15Placed into government conservatorship.
1991-07-26Ceased operations as a result of a government supervised payoff, liquidation, or closing. No active institution received any of its deposits.
1991-07-26Government conservatorship or bridge bank resolved.