Data / Bank failures / 1982 / First FS&LA
First FS&LA, Springhill, LA: received FDIC assistance September 21, 1982
First FS&LA in Springhill, Louisiana, received open bank assistance from the FDIC on September 21, 1982. It held $11.7 million in assets and $11.4 million in deposits at its last report. By assets it was the 106th largest of 119 banks closed or assisted in 1982.
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The FDIC's record
- Closed
- September 21, 1982
- Type
- Open bank assistance
- How it was resolved
- Open bank assistance: the FDIC assisted the bank without closing it
- Acquirer
- Twin City FS&LA, West Monroe, LA
- Total assets
- $11,696,347
- Total deposits
- $11,391,620
- Charter
- Savings bank
- Insurance fund
- FSLIC
- FDIC certificate
- 31527
Other bank failures in Louisiana, 1980 to 1984
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| Planters Trust & Savings Bank of Opelousas | Opelousas | May 18, 1984 | $71.4 million | $66.4 million | $28.8 million | First NB of ST Landry Pa |
| Metro FS&LA | Lake Charles | December 2, 1983 | $27.4 million | $18.5 million | $10.9 million | |
| Security S&LA (assistance) | Ville Platte | September 30, 1983 | $26.5 million | $25.1 million | $329,201 | Pelican Homestead & Sa |
| Bastrop FS&LA (assistance) | Bastrop | September 30, 1983 | $32.9 million | $32.5 million | $983,152 | Pelican FS&LA |
| Continental S&LA (assistance) | New Orleans | May 31, 1983 | $40 million | $28.6 million | $2.9 million | South SAVINGS&LOAN Assn |
| Leader S&LA (assistance) | Monroe | March 4, 1983 | $229.8 million | $139.8 million | $8 million | Pelican Homestead S&LA |
| Heritage FS&LA (assistance) | Bossier City | October 1, 1982 | $71 million | $47.2 million | $2 million | Dixie FS&LA |
| Union FS&LA (assistance) | Pineville | October 1, 1982 | $29.1 million | $25 million | $1.5 million | Pelican Homestead & Sa |
Other failed banks Twin City FS&LA took over
| Bank | City | State | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|---|
| Northern FS&LA (assistance) | ST. Paul | MN | June 24, 1983 | $267.3 million | $135.4 million | $1.8 million | Twin City FS&LA |
All bank failures in 1982 · All bank failures in Louisiana · Every failed bank Twin City 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.