# HUB CITY BANK & TRUST COMPANY

> **Failed bank** · LAFAYETTE, LA · failed 1987-02-20 · State commercial bank, non-Federal Reserve member (FDIC-supervised) · FDIC cost $13M

## What happened

HUB CITY BANK & TRUST COMPANY of LAFAYETTE, LA was closed by regulators on **1987-02-20**. The FDIC was named receiver.

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

Deposits were transferred to **HIBERNIA NATIONAL BANK** (NEW ORLEANS, LA). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 1368
- **FDIC Certificate:** 19257
- **FDIC FIN:** 2649
- **Bank name:** HUB CITY BANK & TRUST COMPANY
- **Location:** LAFAYETTE, LA
- **Failure date:** 1987-02-20
- **FDIC resolution date:** 1987-02-20
- **Charter type:** State commercial bank, non-Federal Reserve member (FDIC-supervised)
- **Resolution type:** Purchase & Assumption — acquiring bank assumed deposits + bought assets
- **Estimated FDIC DIF cost:** $13M
- **Deposits at failure:** $38M
- **Assets at failure:** $38M
- **Acquiring bank:** HIBERNIA NATIONAL BANK (NEW ORLEANS, LA)

## Other banks HIBERNIA NATIONAL BANK has acquired in FDIC resolutions

- LIVINGSTON BANK (DENHAM SPRINGS, LA) — failed 1989-03-16 — /failed-bank/2224
- LOUISIANA BANK & TRUST COMPANY (SHREVEPORT, LA) — failed 1989-02-16 — /failed-bank/2103
- THE NATIONAL BANK OF BOSSIER CITY (BOSSIER CITY, LA) — failed 1989-01-12 — /failed-bank/2068
- FIRST NATIONAL BANK (COVINGTON, LA) — failed 1988-11-18 — /failed-bank/1985
- NATIONAL FIDELITY BANK OF SHREVEPORT (SHREVEPORT, LA) — failed 1988-07-28 — /failed-bank/1800
- UNITED MERCANTILE BANK (SHREVEPORT, LA) — failed 1988-01-21 — /failed-bank/1606

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=HUB%20CITY%20BANK%20%26%20TRUST%20COMPANY

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, HUB CITY BANK & TRUST COMPANY (FDIC ID 1368), failed 1987-02-20. Retrieved via AI Analytics 2026-06-26 from https://api.ai-analytics.org/failed-bank/1368.

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