# FIRST NATIONAL BANK OF PORT ALLEN

> **Failed bank** · PORT ALLEN, LA · failed 1988-03-17 · National commercial bank (OCC-chartered) · FDIC cost $4M

## What happened

FIRST NATIONAL BANK OF PORT ALLEN of PORT ALLEN, LA was closed by the OCC on **1988-03-17**. The FDIC was named receiver.

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

Deposits were transferred to **IBERVILLE TRUST&SAVINGS** (PLAQUEMINE, LA). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 1651
- **FDIC Certificate:** 19898
- **FDIC FIN:** 2796
- **Bank name:** FIRST NATIONAL BANK OF PORT ALLEN
- **Location:** PORT ALLEN, LA
- **Failure date:** 1988-03-17
- **FDIC resolution date:** 1988-03-17
- **Charter type:** National commercial bank (OCC-chartered)
- **Resolution type:** Purchase & Assumption — acquiring bank assumed deposits + bought assets
- **Estimated FDIC DIF cost:** $4M
- **Deposits at failure:** $19M
- **Assets at failure:** $20M
- **Acquiring bank:** IBERVILLE TRUST&SAVINGS (PLAQUEMINE, LA)

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=FIRST%20NATIONAL%20BANK%20OF%20PORT%20ALLEN

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, FIRST NATIONAL BANK OF PORT ALLEN (FDIC ID 1651), failed 1988-03-17. Retrieved via AI Analytics 2026-05-28 from https://api.ai-analytics.org/failed-bank/1651.

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