# STATE BANK OF COMMERCE

> **Failed bank** · SLIDELL, LA · failed 1987-12-03 · State commercial bank, non-Federal Reserve member (FDIC-supervised) · FDIC cost $14M

## What happened

STATE BANK OF COMMERCE of SLIDELL, LA was closed by regulators on **1987-12-03**. The FDIC was named receiver.

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

Deposits were transferred to **PEOPLES B&T CO OF ST BER** (CHALMETTE, LA). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 1571
- **FDIC Certificate:** 24921
- **FDIC FIN:** 2752
- **Bank name:** STATE BANK OF COMMERCE
- **Location:** SLIDELL, LA
- **Failure date:** 1987-12-03
- **FDIC resolution date:** 1987-12-03
- **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:** $14M
- **Deposits at failure:** $49M
- **Assets at failure:** $49M
- **Acquiring bank:** PEOPLES B&T CO OF ST BER (CHALMETTE, LA)

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, STATE BANK OF COMMERCE (FDIC ID 1571), failed 1987-12-03. Retrieved via AI Analytics 2026-07-11 from https://api.ai-analytics.org/failed-bank/1571.

---

*[FDIC failures dataset](/datasets/fdic-failures) · CC0 1.0*