NATIONAL FIDELITY BANK OF SHREVEPORT Failed 1988

What happened

NATIONAL FIDELITY BANK OF SHREVEPORT of SHREVEPORT, LA was closed on 1988-07-28. 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

1800

FDIC Certificate

25791

FDIC FIN

2845

Bank name

NATIONAL FIDELITY BANK OF SHREVEPORT

Location

SHREVEPORT, LA

Failure date

1988-07-28

FDIC resolution date

1988-07-28

Charter type

National commercial bank (OCC-chartered)

Resolution type

Purchase & Assumption — acquiring bank assumed deposits + bought assets

FDIC DIF cost (est.)

$3M

Deposits at failure

$11M

Assets at failure

$11M

Acquiring bank

HIBERNIA NATIONAL BANK (NEW ORLEANS, LA)

Other banks HIBERNIA NATIONAL BANK acquired in FDIC resolutions

• LIVINGSTON BANK (DENHAM SPRINGS, LA) — failed 1989-03-16
• LOUISIANA BANK & TRUST COMPANY (SHREVEPORT, LA) — failed 1989-02-16
• THE NATIONAL BANK OF BOSSIER CITY (BOSSIER CITY, LA) — failed 1989-01-12
• FIRST NATIONAL BANK (COVINGTON, LA) — failed 1988-11-18
• UNITED MERCANTILE BANK (SHREVEPORT, LA) — failed 1988-01-21
• HUB CITY BANK & TRUST COMPANY (LAFAYETTE, LA) — failed 1987-02-20