CLAIBORNE BANK & TRUST COMPANY Failed 1988

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

What happened

CLAIBORNE BANK & TRUST COMPANY of HOMER, LA was closed on 1988-06-29. The FDIC was named receiver.

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

Deposits were transferred to HOMER NATIONAL BANK (HOMER, LA). Customers became depositors of the acquiring bank automatically.

Key facts

FDIC ID
1784
FDIC Certificate
21347
FDIC FIN
2836
Bank name
CLAIBORNE BANK & TRUST COMPANY
Location
HOMER, LA
Failure date
1988-06-29
FDIC resolution date
1988-06-29
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.)
$1M
Deposits at failure
$13M
Assets at failure
$13M
Acquiring bank
HOMER NATIONAL BANK (HOMER, LA)