REPUBLIC BANK Failed 1986

BLANCHARD, LA · State commercial bank, non-Federal Reserve member (FDIC-supervised) · view on FDIC BankFind ↗

What happened

REPUBLIC BANK of BLANCHARD, LA was closed on 1986-10-31. The FDIC was named receiver.

Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets

Deposits were transferred to AMERICAN B&T CO IN MONRO (MONROE, LA). Customers became depositors of the acquiring bank automatically.

Key facts

FDIC ID
1296
FDIC Certificate
20758
FDIC FIN
2609
Bank name
REPUBLIC BANK
Location
BLANCHARD, LA
Failure date
1986-10-31
FDIC resolution date
1986-10-31
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.)
$12M
Deposits at failure
$39M
Assets at failure
$42M
Acquiring bank
AMERICAN B&T CO IN MONRO (MONROE, LA)