SUN BELT FEDERAL BANK, FSB Failed 1985
What happened
SUN BELT FEDERAL BANK, FSB of LAKE PROVIDENCE, LA was closed on 1985-06-25. The FDIC was named receiver.
Resolution: ABT
Deposits were transferred to HORIZON FS&LA (BATON ROUGE, LA). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 1017
- FDIC Certificate
- 28913
- FDIC FIN
- 7530
- Bank name
- SUN BELT FEDERAL BANK, FSB
- Location
- LAKE PROVIDENCE, LA
- Failure date
- 1985-06-25
- FDIC resolution date
- 1986-05-02
- Charter type
- Savings bank
- Resolution type
- ABT
- FDIC DIF cost (est.)
- $156M
- Deposits at failure
- $269M
- Assets at failure
- $278M
- Acquiring bank
- HORIZON FS&LA (BATON ROUGE, LA)
Other banks HORIZON FS&LA acquired in FDIC resolutions