BANK OF BENTON Failed 1989
What happened
BANK OF BENTON of BENTON, LA was closed on 1989-01-05. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to RED RIVER VALLEY BANK (BOSSIER CITY, LA). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 2065
- FDIC Certificate
- 8139
- FDIC FIN
- 2949
- Bank name
- BANK OF BENTON
- Location
- BENTON, LA
- Failure date
- 1989-01-05
- FDIC resolution date
- 1989-01-05
- 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.)
- $3M
- Deposits at failure
- $12M
- Assets at failure
- $12M
- Acquiring bank
- RED RIVER VALLEY BANK (BOSSIER CITY, LA)
Other banks RED RIVER VALLEY BANK acquired in FDIC resolutions