BANK OF DIXIE Failed 1986
What happened
BANK OF DIXIE of LAKE PROVIDENCE, LA was closed on 1986-01-10. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to LOUISIANA DELTA BANK (LAKE PROVIDENCE, LA). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 1133
- FDIC Certificate
- 8147
- FDIC FIN
- 2529
- Bank name
- BANK OF DIXIE
- Location
- LAKE PROVIDENCE, LA
- Failure date
- 1986-01-10
- FDIC resolution date
- 1986-01-10
- Charter type
- State commercial bank, non-Federal Reserve member (FDIC-supervised)
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $14M
- Deposits at failure
- $36M
- Assets at failure
- $41M
- Acquiring bank
- LOUISIANA DELTA BANK (LAKE PROVIDENCE, LA)