# THE FIRST NATIONAL BANK OF RUSTON

> **Failed bank** · RUSTON, LA · failed 1986-04-10 · National commercial bank (OCC-chartered) · FDIC cost $2M

## What happened

THE FIRST NATIONAL BANK OF RUSTON of RUSTON, LA was closed by the OCC 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
- **Estimated FDIC DIF cost:** $2M
- **Deposits at failure:** $31M
- **Assets at failure:** $32M
- **Acquiring bank:** SECURITY FIRST NATIONAL (ALEXANDRIA, LA)

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=THE%20FIRST%20NATIONAL%20BANK%20OF%20RUSTON

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, THE FIRST NATIONAL BANK OF RUSTON (FDIC ID 1176), failed 1986-04-10. Retrieved via AI Analytics 2026-05-24 from https://api.ai-analytics.org/failed-bank/1176.

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