# TALLULAH STATE BANK & TRUST COMP

> **Failed bank** · TALLULAH, LA · failed 1987-03-27 · State commercial bank, non-Federal Reserve member (FDIC-supervised) · FDIC cost $12M

## What happened

TALLULAH STATE BANK & TRUST COMP of TALLULAH, LA was closed by regulators 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
- **Estimated FDIC DIF cost:** $12M
- **Deposits at failure:** $31M
- **Assets at failure:** $31M
- **Acquiring bank:** BANK OF ST JOSEPH&TRUST (SAINT JOSEPH, LA)

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, TALLULAH STATE BANK & TRUST COMP (FDIC ID 1404), failed 1987-03-27. Retrieved via AI Analytics 2026-06-24 from https://api.ai-analytics.org/failed-bank/1404.

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