Data / Bank failures / 1987 / Liberty FS&LA
Liberty FS&LA, Leesville, LA: failed April 24, 1987
Liberty FS&LA in Leesville, Louisiana, failed on April 24, 1987. It held $134.9 million in assets and $150.7 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $121.7 million (90.2% of its assets). By assets it was the 41st largest of 262 banks closed or assisted in 1987.
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The FDIC's record
- Closed
- April 24, 1987
- Type
- Failure
- How it was resolved
- Payout: the FDIC paid insured depositors directly
- Total assets
- $134,936,000
- Total deposits
- $150,687,000
- Estimated cost to the FDIC
- $121,724,500 (estimate as of July 31, 2026)
- Charter
- Savings and loan association
- Insurance fund
- FSLIC
- FDIC certificate
- 31804
Other bank failures in Louisiana, 1985 to 1989
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| Red River S & L Assoc. | Coushatta | December 14, 1989 | $10.4 million | $7.7 million | $3.3 million | Peoples State Bank |
| Louisiana Savings Assn. | Lake Charles | December 14, 1989 | $449.3 million | $398.8 million | $114.1 million | |
| First Acadiana Bank | Eunice | December 14, 1989 | $46.8 million | $44.6 million | $6 million | American Security Bank of V |
| First Bank, Pineville, Louisiana | Pineville | December 8, 1989 | $72.3 million | $69.3 million | $39.5 million | Rapides Bank & Trust Compan |
| Security National Bank of Shreveport | Shreveport | November 17, 1989 | $19.4 million | $20.2 million | $7.2 million | |
| First Louisiana Federal Savings | Lafayette | November 2, 1989 | $161.9 million | $105.8 million | $42.9 million | ST. Landry B&T Co. |
| Bank of ST. Charles | ST. Rose | November 2, 1989 | $65.2 million | $65.2 million | $11.1 million | First American Bank and Tru |
| Western National Bank of Louisiana | Kaplan | October 26, 1989 | $11.8 million | $11.9 million | $1.5 million | Kaplan State Bank |
All bank failures in 1987 · All bank failures in Louisiana · 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.