AMERICAN BANK & TRUST COMPANY Failed 1986
What happened
AMERICAN BANK & TRUST COMPANY of LAFAYETTE, LA was closed on 1986-09-26. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to WHITNEY NB OF NEW ORLEAN (NEW ORLEANS, LA). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 1281
- FDIC Certificate
- 17532
- FDIC FIN
- 2602
- Bank name
- AMERICAN BANK & TRUST COMPANY
- Location
- LAFAYETTE, LA
- Failure date
- 1986-09-26
- FDIC resolution date
- 1986-09-26
- 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.)
- $66M
- Deposits at failure
- $192M
- Assets at failure
- $211M
- Acquiring bank
- WHITNEY NB OF NEW ORLEAN (NEW ORLEANS, LA)
Other banks WHITNEY NB OF NEW ORLEAN acquired in FDIC resolutions