First Federal Savings Bank of New Orleans

Status:Inactive as of 06/15/1990
 Absorption - Assisted
Institution Enters Conservatorship
Successor Bank:First Savings Bank of New Orleans, F.S.B.
Headquarters:First Federal Savings Bank of New Orleans
3131 N I10 Service Road
Metairie, LA 70002
Established:01/01/1976
FDIC Insurance:08/09/1989
FDIC Cert:#31843
Charter Class:Savings banks, state charter, supervised by the FDIC
Total Assets:$156,335,000
Total Deposits:$134,186,000

History

1976-01-01Institution established: Original name:First Federal Savings and Loan Association
1984-07-31Changed organization type to STOCK SAVINGS & LOAN
1985-05-31Changed name to First Federal Savings Bank of New Orleans
1987-03-31Acquired Bayou Federal Savings and Loan Association (32156) in NEW ORLEANS, LA
1990-06-15Placed into government conservatorship.
1990-06-15Failed, went into receivership, and then became part of First Savings Bank of New Orleans, F.S.B. (33086)
1990-06-15Institution established: Original name:First Savings Bank of New Orleans, F.S.B. (33086)
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.