TALLULAH STATE BANK & TRUST COMP Failed 1987
What happened
TALLULAH STATE BANK & TRUST COMP of TALLULAH, LA was closed on 1987-03-27. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to BANK OF ST JOSEPH&TRUST (SAINT JOSEPH, LA). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 1404
- FDIC Certificate
- 8803
- FDIC FIN
- 2670
- Bank name
- TALLULAH STATE BANK & TRUST COMP
- Location
- TALLULAH, LA
- Failure date
- 1987-03-27
- FDIC resolution date
- 1987-03-27
- 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
- $31M
- Assets at failure
- $31M
- Acquiring bank
- BANK OF ST JOSEPH&TRUST (SAINT JOSEPH, LA)