LIBERTY BANK & TRUST COMPANY Failed 1987
What happened
LIBERTY BANK & TRUST COMPANY of GREENWOOD, LA was closed on 1987-06-26. 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
- 1460
- FDIC Certificate
- 23131
- FDIC FIN
- 2703
- Bank name
- LIBERTY BANK & TRUST COMPANY
- Location
- GREENWOOD, LA
- Failure date
- 1987-06-26
- FDIC resolution date
- 1987-06-26
- 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.)
- $5M
- Deposits at failure
- $12M
- Assets at failure
- $13M
- Acquiring bank
- PEOPLES STATE BANK (MANY, LA)
Other banks PEOPLES STATE BANK acquired in FDIC resolutions