The Graveyard › Banks › 1989
First Acadiana Bank
Eunice, LA · failed December 14, 1989 · FDIC certificate 19492
First Acadiana Bank of Eunice, LA failed on December 14, 1989. It opened on October 1, 1965, 24 years before. At its last report before that it held $46.8 million in assets and $44.6 million in deposits. At its largest in the FDIC's quarterly reports, on December 31, 1985, it held $65.1 million. The FDIC estimates that the Bank Insurance Fund lost $6.0 million on it.
1984-031989-09
Assets at the end$46.8 millionlast report before December 14, 1989
Deposits at the end$44.6 million
Estimated loss to the fund$6.0 millionBIF
Largest in the quarterly reports$65.1 millionDecember 31, 1985
Equity to assets1.6%September 30, 1989
Loans not being repaid1.1%noncurrent, September 30, 1989
Return on assets-2.27%a year's rate, September 30, 1989
Staff39full time, September 30, 1989
Also ended in 1989
- Gibraltar Savings, FA · Simi Valley, CA · $13.4 billion in assets
- City Savings, FSB · Somerset, NJ · $9.8 billion in assets
- MBank Dallas, National Association · Dallas, TX · $6.6 billion in assets
- Western Savings & Loan · Phoenix, AZ · $5.7 billion in assets
- Lincoln Savings & Loan · Irvine, CA · $4.9 billion in assets
- University Federal Savings · Houston, TX · $4.5 billion in assets
History, not advice.
Source: Federal Deposit Insurance Corporation, BankFind Suite API. Source values and institutional identifiers are retained; formatting and normalization by Underfolio. No FDIC endorsement is implied. How these numbers are made · Report a data issue.