BREAUX BRIDGE BANK & TRUST COMPANY Failed 1987
What happened
BREAUX BRIDGE BANK & TRUST COMPANY of BREAUX BRIDGE, LA was closed on 1987-09-17. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to MIDSOUTH NATIONAL BANK (LAFAYETTE, LA). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 1514
- FDIC Certificate
- 18440
- FDIC FIN
- 2727
- Bank name
- BREAUX BRIDGE BANK & TRUST COMPANY
- Location
- BREAUX BRIDGE, LA
- Failure date
- 1987-09-17
- FDIC resolution date
- 1987-09-17
- 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.)
- $14M
- Deposits at failure
- $30M
- Assets at failure
- $22M
- Acquiring bank
- MIDSOUTH NATIONAL BANK (LAFAYETTE, LA)
Other banks MIDSOUTH NATIONAL BANK acquired in FDIC resolutions