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Horizon Federal Savings and Loan Association

Status:Inactive as of 05/18/1990
 RTC Supervised Payoffs, Liquidations, and Closings
Conservatorship Institution Resolved
Headquarters:Horizon Federal Savings and Loan Association
4545 Veteran Memorial Blvd
Metairie, LA 70006
Established:05/02/1986
FDIC Insurance:08/09/1989
FDIC Cert:#32471
Charter Class:
Total Assets:$355,914,000
Total Deposits:$349,323,000

History

1986-05-02Institution established: Original name:Horizon Federal Savings and Loan Association
1986-05-31Acquired Sun Belt Federal Bank, FSB (28913) in LAKE PROVIDENCE, LA
1986-06-30Acquired Audubon Federal Savings and Loan Association (31891) in NEW ORLEANS, LA
1986-06-30Acquired Crescent Federal Savings Bank (32098) in NEW ORLEANS, LA
1986-06-30Acquired Northlake Federal Savings and Loan Association (32029) in COVINGTON, LA
1986-06-30Acquired Community Savings and Loan Association (32015) in BATON ROUGE, LA
1986-06-30Acquired New Orleans Federal Savings and Loan Association (31480) in NEW ORLEANS, LA
1987-10-31Moved bank headquarters from BATON ROUGE, LA to METAIRIE, LA
1989-02-17Placed into government conservatorship.
1990-05-18Government conservatorship or bridge bank resolved.
1990-05-18Ceased operations as a result of a government supervised payoff, liquidation, or closing. No active institution received any of its deposits.