Data / Bank failures / 1991 / Oaktree Federal Savings
Oaktree Federal Savings, New Orleans, LA: failed October 13, 1991
Oaktree Federal Savings in New Orleans, Louisiana, failed on October 13, 1991. It held $2.21 billion in assets and $2.26 billion in deposits at its last report. The FDIC estimates the cost to its insurance fund at $2.35 billion (105.9% of its assets). By assets it was the 12th largest of 271 banks closed or assisted in 1991.
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The FDIC's record
- Closed
- October 13, 1991
- Type
- Failure
- How it was resolved
- Purchase and assumption of the insured deposits only
- Acquirer
- None, NA
- Total assets
- $2,214,549,000
- Total deposits
- $2,256,189,000
- Estimated cost to the FDIC
- $2,345,947,426 (estimate as of July 31, 2026)
- Charter
- Savings and loan association
- Insurance fund
- RTC
- FDIC certificate
- 32090
Other bank failures in Louisiana, 1989 to 1993
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| Life FSB | Baton Rouge | January 29, 1993 | $16.8 million | $16.5 million | $2.2 million | Liberty B&T Co |
| 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 |
| 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 1991 · 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.