Data / Bank failures / 1983 / Bastrop FS&LA
Bastrop FS&LA, Bastrop, LA: received FDIC assistance September 30, 1983
Bastrop FS&LA in Bastrop, Louisiana, received open bank assistance from the FDIC on September 30, 1983. It held $32.9 million in assets and $32.5 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $983,152 (3% of its assets). By assets it was the 64th largest of 99 banks closed or assisted in 1983.
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The FDIC's record
- Closed
- September 30, 1983
- Type
- Open bank assistance
- How it was resolved
- Open bank assistance: the FDIC assisted the bank without closing it
- Acquirer
- Pelican FS&LA, Metairie, LA
- Total assets
- $32,916,753
- Total deposits
- $32,497,082
- Estimated cost to the FDIC
- $983,152 (estimate as of July 31, 2026)
- Charter
- Savings and loan association
- Insurance fund
- FSLIC
- FDIC certificate
- 28181
Other bank failures in Louisiana, 1981 to 1985
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| Baton Rouge S&LA (assistance) | Baton Rouge | October 1, 1985 | $116 million | $93.3 million | $5.3 million | Pelican HOMESTEAD&SVG Assn |
| Alliance FS&LA | Kenner | August 23, 1985 | $188.1 million | $134 million | $147.9 million | |
| Crescent Savings Bank | New Orleans | June 25, 1985 | $89.1 million | $84 million | $53.7 million | Horizon FS&LA |
| Northlake S&LA | Covington | June 25, 1985 | $141.4 million | $148.1 million | $89.3 million | Horizon FS&LA |
| Community FS&LA | Baton Rouge | June 25, 1985 | $47.9 million | $46.8 million | $29.7 million | Horizon FS&LA |
| Audubon S&LA | New Orleans | June 25, 1985 | $211.3 million | $222.1 million | $166.2 million | Horizon FS&LA |
| New Orleans S&LA | New Orleans | June 25, 1985 | $118.1 million | $105.3 million | $73.5 million | Horizon FS&LA |
| Sun Belt Federal Bank, FSB | Lake Providence | June 25, 1985 | $278.3 million | $269.1 million | $156.2 million | Horizon FS&LA |
Other failed banks Pelican FS&LA took over
| Bank | City | State | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|---|
| Guaranty FS&LA (assistance) | Baton Rouge | LA | November 30, 1981 | $33.5 million | $29 million | $48,906 | Pelican FS&LA |
All bank failures in 1983 · All bank failures in Louisiana · Every failed bank Pelican FS&LA took over · The full failed bank list
Read from the FDIC's failures data (BankFind), last updated 2026-10-23. Assets and deposits are as of the last report before failure; the estimated cost is the FDIC's latest estimate of the loss to its insurance fund and changes as the receivership winds down. Free to reuse with credit to SpecStream under CC BY 4.0.