Data / Bank failures / 1982 / Union FS&LA
Union FS&LA, Pineville, LA: received FDIC assistance October 1, 1982
Union FS&LA in Pineville, Louisiana, received open bank assistance from the FDIC on October 1, 1982. It held $29.1 million in assets and $25 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $1.5 million (5% of its assets). By assets it was the 78th largest of 119 banks closed or assisted in 1982.
SpecStream is the live web data engine for teams and agents. It reads the FDIC failed bank data every morning, and this page is that reading. Ask for the banks you follow and each new closure arrives in your sheet, CRM, Slack or agent as the FDIC announces it.
The FDIC's record
- Closed
- October 1, 1982
- Type
- Open bank assistance
- How it was resolved
- Open bank assistance: the FDIC assisted the bank without closing it
- Acquirer
- Pelican Homestead & Sa, New Orleans, LA
- Total assets
- $29,112,819
- Total deposits
- $25,033,047
- Estimated cost to the FDIC
- $1,465,000 (estimate as of July 31, 2026)
- Charter
- Savings and loan association
- Insurance fund
- FSLIC
- FDIC certificate
- 31301
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 |
| Dixie FS&LA (assistance) | New Orleans | October 1, 1982 | $539 million | $433.8 million | $19 million | Dixie FS&LA |
Other failed banks Pelican Homestead & Sa took over
| Bank | City | State | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|---|
| Security S&LA (assistance) | Ville Platte | LA | September 30, 1983 | $26.5 million | $25.1 million | $329,201 | Pelican Homestead & Sa |
All bank failures in 1982 · All bank failures in Louisiana · Every failed bank Pelican Homestead & Sa took over · The full failed bank list
Read from the FDIC's failures data (BankFind), last updated 2026-10-24. 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.