# UNITED MERCANTILE BANK

> **Failed bank** · SHREVEPORT, LA · failed 1988-01-21 · State commercial bank, non-Federal Reserve member (FDIC-supervised) · FDIC cost $26M

## What happened

UNITED MERCANTILE BANK of SHREVEPORT, LA was closed by regulators on **1988-01-21**. The FDIC was named receiver.

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

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


## Key facts

- **FDIC ID:** 1606
- **FDIC Certificate:** 20650
- **FDIC FIN:** 2776
- **Bank name:** UNITED MERCANTILE BANK
- **Location:** SHREVEPORT, LA
- **Failure date:** 1988-01-21
- **FDIC resolution date:** 1988-01-21
- **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:** $26M
- **Deposits at failure:** $78M
- **Assets at failure:** $86M
- **Acquiring bank:** HIBERNIA NATIONAL BANK (NEW ORLEANS, LA)

## Other banks HIBERNIA NATIONAL BANK has acquired in FDIC resolutions

- LIVINGSTON BANK (DENHAM SPRINGS, LA) — failed 1989-03-16 — /failed-bank/2224
- LOUISIANA BANK & TRUST COMPANY (SHREVEPORT, LA) — failed 1989-02-16 — /failed-bank/2103
- THE NATIONAL BANK OF BOSSIER CITY (BOSSIER CITY, LA) — failed 1989-01-12 — /failed-bank/2068
- FIRST NATIONAL BANK (COVINGTON, LA) — failed 1988-11-18 — /failed-bank/1985
- NATIONAL FIDELITY BANK OF SHREVEPORT (SHREVEPORT, LA) — failed 1988-07-28 — /failed-bank/1800
- HUB CITY BANK & TRUST COMPANY (LAFAYETTE, LA) — failed 1987-02-20 — /failed-bank/1368

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, UNITED MERCANTILE BANK (FDIC ID 1606), failed 1988-01-21. Retrieved via AI Analytics 2026-05-18 from https://api.ai-analytics.org/failed-bank/1606.

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