# PELICAN STATE BANK

> **Failed bank** · MANSFIELD, LA · failed 1987-06-24 · State commercial bank, non-Federal Reserve member (FDIC-supervised) · FDIC cost $3M

## What happened

PELICAN STATE BANK of MANSFIELD, LA was closed by regulators on **1987-06-24**. The FDIC was named receiver.

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

Deposits were transferred to **PEOPLES STATE BANK** (MANY, LA). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 1456
- **FDIC Certificate:** 9321
- **FDIC FIN:** 2700
- **Bank name:** PELICAN STATE BANK
- **Location:** MANSFIELD, LA
- **Failure date:** 1987-06-24
- **FDIC resolution date:** 1987-06-24
- **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:** $3M
- **Deposits at failure:** $7M
- **Assets at failure:** $7M
- **Acquiring bank:** PEOPLES STATE BANK (MANY, LA)

## Other banks PEOPLES STATE BANK has acquired in FDIC resolutions

- FREEDOM BANK (RANGER, TX) — failed 1992-10-16 — /failed-bank/3382
- RED RIVER S & L ASSOC. (COUSHATTA, LA) — failed 1989-12-14 — /failed-bank/2593
- THE MORAN NATIONAL BANK (MORAN, TX) — failed 1988-01-14 — /failed-bank/1599
- LIBERTY BANK & TRUST COMPANY (GREENWOOD, LA) — failed 1987-06-26 — /failed-bank/1460

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, PELICAN STATE BANK (FDIC ID 1456), failed 1987-06-24. Retrieved via AI Analytics 2026-07-03 from https://api.ai-analytics.org/failed-bank/1456.

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