THE FIRST NATIONAL BANK OF RUSTON Failed 1986
What happened
THE FIRST NATIONAL BANK OF RUSTON of RUSTON, LA was closed on 1986-04-10. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to SECURITY FIRST NATIONAL (ALEXANDRIA, LA). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 1176
- FDIC Certificate
- 14308
- FDIC FIN
- 2549
- Bank name
- THE FIRST NATIONAL BANK OF RUSTON
- Location
- RUSTON, LA
- Failure date
- 1986-04-10
- FDIC resolution date
- 1986-04-10
- Charter type
- National commercial bank (OCC-chartered)
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $2M
- Deposits at failure
- $31M
- Assets at failure
- $32M
- Acquiring bank
- SECURITY FIRST NATIONAL (ALEXANDRIA, LA)