Data / Bank failures / 1985 / First Financial Bank, FSB
First Financial Bank, FSB, New Orleans, LA: received FDIC assistance May 10, 1985
First Financial Bank, FSB in New Orleans, Louisiana, received open bank assistance from the FDIC on May 10, 1985. It held $739.4 million in assets and $631 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $51.5 million (7% of its assets). By assets it was the 9th largest of 180 banks closed or assisted in 1985.
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The FDIC's record
- Closed
- May 10, 1985
- Type
- Open bank assistance
- How it was resolved
- Open bank assistance: the FDIC assisted the bank without closing it
- Acquirer
- First Financial Bank, FSB, New Orleans, LA
- Total assets
- $739,385,000
- Total deposits
- $630,966,000
- Estimated cost to the FDIC
- $51,543,680 (estimate as of July 31, 2026)
- Charter
- Savings bank
- Insurance fund
- FSLIC
- FDIC certificate
- 28448
Other bank failures in Louisiana, 1983 to 1987
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| First FS&LA of Slidell (assistance) | Slidell | December 31, 1987 | $46.2 million | $48.8 million | $13.2 million | Alabama FS&LA |
| First Financial Bank, FSB (assistance) | New Orleans | December 31, 1987 | $744.9 million | $573.5 million | $51.5 million | Alabama FS&LA |
| Firstbanc FSB (assistance) | Gonzales | December 30, 1987 | $46.3 million | $47.1 million | $33.1 million | Pelican HOMESTEAD&SVG Assn |
| First FS&LA of Alexandria (assistance) | Alexandria | December 30, 1987 | $148.7 million | $149.4 million | $48.9 million | Pelican HOMESTEAD&SVG Assn |
| First Financial of La (assistance) | Lutcher | December 30, 1987 | $159.5 million | $151.5 million | $105.7 million | Pelican HOMESTEAD&SVG Assn |
| American Bank of Commerce | Lake Charles | December 17, 1987 | $35.5 million | $36.2 million | $4.3 million | National BK Com Lake Cha |
| American Bank in Louisiana | Morgan City | December 10, 1987 | $15 million | $14.6 million | $4 million | ST Mary BANK&TRUST Co |
| Louisiana Bank & Trust Company | Crowley | December 10, 1987 | $18.5 million | $21.2 million | $7.8 million | Evangeline BANK&TRUST Co |
Other failed banks First Financial Bank, FSB took over
| Bank | City | State | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|---|
| Security Fed. S & L Assoc. | Peoria | IL | August 17, 1989 | $318.3 million | $231.3 million | $23.5 million | First Financial Bank, FSB |
All bank failures in 1985 · All bank failures in Louisiana · Every failed bank First Financial Bank, FSB 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.