LOUISIANA BANK & TRUST COMPANY Failed 1987

CROWLEY, LA · State commercial bank, non-Federal Reserve member (FDIC-supervised) · view on FDIC BankFind ↗

What happened

LOUISIANA BANK & TRUST COMPANY of CROWLEY, LA was closed on 1987-12-10. The FDIC was named receiver.

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

Deposits were transferred to EVANGELINE BANK&TRUST CO (VILLE PLATTE, LA). Customers became depositors of the acquiring bank automatically.

Key facts

FDIC ID
1573
FDIC Certificate
18298
FDIC FIN
2760
Bank name
LOUISIANA BANK & TRUST COMPANY
Location
CROWLEY, LA
Failure date
1987-12-10
FDIC resolution date
1987-12-10
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.)
$8M
Deposits at failure
$21M
Assets at failure
$18M
Acquiring bank
EVANGELINE BANK&TRUST CO (VILLE PLATTE, LA)