Home > Crescent Federal Savings Bank

Crescent Federal Savings Bank

Status:Inactive as of 06/30/1986
 Merger - Assisted
Successor Bank:Horizon Federal Savings and Loan Association
Headquarters:Crescent Federal Savings Bank
5225 Canal Blvd
New Orleans, LA 70124
Established:08/13/1981
FDIC Insurance:08/13/1981
FDIC Cert:#32098
Charter Class:Savings banks, state charter, supervised by the FDIC
Total Assets:$86,993,000
Total Deposits:$103,847,000

History

1981-08-13Institution established: Original name:Crescent Federal Savings Bank
1986-06-30Acquired Northlake Federal Savings and Loan Association (32029) in COVINGTON, LA
1986-06-30Acquired Crescent Federal Savings Bank in NEW ORLEANS, LA
1986-06-30Acquired Audubon Federal Savings and Loan Association (31891) in NEW ORLEANS, LA
1986-06-30Acquired Community Savings and Loan Association (32015) in BATON ROUGE, LA
1986-06-30Failed. Acquired with government financial assistance and subsequently operated as part of Horizon Federal Savings and Loan Association (32471)
1986-06-30Acquired New Orleans Federal Savings and Loan Association (31480) in NEW ORLEANS, LA
1987-10-31Moved bank headquarters from NEW ORLEANS, LA to METAIRIE, LA
1989-02-17Placed into government conservatorship.
1990-05-18Ceased operations as a result of a government supervised payoff, liquidation, or closing. No active institution received any of its deposits.
1990-05-18Government conservatorship or bridge bank resolved.