# AMERICAN BANK IN LOUISIANA

> **Failed bank** · MORGAN CITY, LA · failed 1987-12-10 · State commercial bank, non-Federal Reserve member (FDIC-supervised) · FDIC cost $4M

## What happened

AMERICAN BANK IN LOUISIANA of MORGAN CITY, LA was closed by regulators on **1987-12-10**. The FDIC was named receiver.

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

Deposits were transferred to **ST MARY BANK&TRUST CO** (FRANKLIN, LA). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 1574
- **FDIC Certificate:** 22990
- **FDIC FIN:** 2761
- **Bank name:** AMERICAN BANK IN LOUISIANA
- **Location:** MORGAN CITY, 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
- **Estimated FDIC DIF cost:** $4M
- **Deposits at failure:** $15M
- **Assets at failure:** $15M
- **Acquiring bank:** ST MARY BANK&TRUST CO (FRANKLIN, LA)

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=AMERICAN%20BANK%20IN%20LOUISIANA

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, AMERICAN BANK IN LOUISIANA (FDIC ID 1574), failed 1987-12-10. Retrieved via AI Analytics 2026-07-16 from https://api.ai-analytics.org/failed-bank/1574.

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