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Northlake Federal Savings and Loan Association

Status:Inactive as of 06/30/1986
 Merger - Assisted
Successor Bank:Horizon Federal Savings and Loan Association
Headquarters:Northlake Federal Savings and Loan Association
Highway 190 South
Covington, LA 70433
Established:07/18/1980
FDIC Insurance:07/18/1980
FDIC Cert:#32029
Charter Class:
Total Assets:$105,440,000
Total Deposits:$86,767,000

History

1980-07-18Institution established: Original name:Northlake Federal Savings and Loan Association
1986-06-30Acquired Crescent Federal Savings Bank (32098) in NEW ORLEANS, LA
1986-06-30Acquired New Orleans Federal Savings and Loan Association (31480) in NEW ORLEANS, LA
1986-06-30Acquired Audubon Federal Savings and Loan Association (31891) in NEW ORLEANS, LA
1986-06-30Acquired Northlake Federal Savings and Loan Association in COVINGTON, 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 Community Savings and Loan Association (32015) in BATON ROUGE, LA
1987-10-31Moved bank headquarters from COVINGTON, 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.