LOUISIANA COMMERCIAL BANK Failed 1988
What happened
LOUISIANA COMMERCIAL BANK of MADISONVILLE, LA was closed on 1988-01-21. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to PONTCHARTRAIN STATE BANK (METAIRIE, LA). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 1609
- FDIC Certificate
- 24965
- FDIC FIN
- 2775
- Bank name
- LOUISIANA COMMERCIAL BANK
- Location
- MADISONVILLE, 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
- FDIC DIF cost (est.)
- $6M
- Deposits at failure
- $26M
- Assets at failure
- $27M
- Acquiring bank
- PONTCHARTRAIN STATE BANK (METAIRIE, LA)
Other banks PONTCHARTRAIN STATE BANK acquired in FDIC resolutions