Data / Bank failures / 1993 / Life FSB
Life FSB, Baton Rouge, LA: failed January 29, 1993
Life FSB in Baton Rouge, Louisiana, failed on January 29, 1993. Liberty B&T Co of New Orleans, LA, took over its deposits. It held $16.8 million in assets and $16.5 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $2.2 million (13.2% of its assets). By assets it was the 43rd largest of 50 banks closed or assisted in 1993.
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The FDIC's record
- Closed
- January 29, 1993
- Type
- Failure
- How it was resolved
- Purchase and assumption: another bank took over the deposits
- Acquirer
- Liberty B&T Co, New Orleans, LA
- Total assets
- $16,753,000
- Total deposits
- $16,512,000
- Estimated cost to the FDIC
- $2,206,636 (estimate as of July 31, 2026)
- Charter
- Savings bank
- Insurance fund
- RTC
- FDIC certificate
- 33186
Other bank failures in Louisiana, 1991 to 1995
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| Investors Bank and Trust Company | Gretna | November 13, 1992 | $51.6 million | $50.8 million | $4.8 million | Delta BANK&TRUST Co |
| Carrolton Home | New Orleans | March 13, 1992 | $35.9 million | $32.6 million | $2.2 million | Liberty B&TC |
| Progressive National Bank of Rayne | Rayne | March 12, 1992 | $11.4 million | $11.2 million | $1.7 million | ST Landry BANK&TRUST Co |
| Pelican Homestead Sa | Metairie | January 31, 1992 | $1.28 billion | $1.49 billion | $288.3 million | First Commerce Corp. |
| Bank of the South | Baton Rouge | October 30, 1991 | $31.8 million | $31.3 million | $3.6 million | The First National Bank in |
| Oaktree Federal Savings | New Orleans | October 13, 1991 | $2.21 billion | $2.26 billion | $2.35 billion | |
| Pontchartrain State Bank | Metairie | July 19, 1991 | $140 million | $142.1 million | $29.4 million | First National Bank of Comm |
| Dryades S & La | New Orleans | June 7, 1991 | $262.3 million | $259.7 million | $15.1 million | Dryades SB, FSB |
All bank failures in 1993 · 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.