# THE PEOPLES BANK AND TRUST OF IBERIA PARIS

> **Failed bank** · NEW IBERIA, LA · failed 1987-11-19 · State commercial bank, non-Federal Reserve member (FDIC-supervised) · FDIC cost $9M

## What happened

THE PEOPLES BANK AND TRUST OF IBERIA PARIS of NEW IBERIA, LA was closed by regulators on **1987-11-19**. The FDIC was named receiver.

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

Deposits were transferred to **NEW IBERIA BANK** (NEW IBERIA, LA). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 1558
- **FDIC Certificate:** 4295
- **FDIC FIN:** 2748
- **Bank name:** THE PEOPLES BANK AND TRUST OF IBERIA PARIS
- **Location:** NEW IBERIA, LA
- **Failure date:** 1987-11-19
- **FDIC resolution date:** 1987-11-19
- **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:** $9M
- **Deposits at failure:** $76M
- **Assets at failure:** $79M
- **Acquiring bank:** NEW IBERIA BANK (NEW IBERIA, LA)

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=THE%20PEOPLES%20BANK%20AND%20TRUST%20OF%20IBERIA%20PARIS

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, THE PEOPLES BANK AND TRUST OF IBERIA PARIS (FDIC ID 1558), failed 1987-11-19. Retrieved via AI Analytics 2026-07-17 from https://api.ai-analytics.org/failed-bank/1558.

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