THE NATIONAL BANK OF BOSSIER CITY Failed 1989

What happened

THE NATIONAL BANK OF BOSSIER CITY of BOSSIER CITY, LA was closed on 1989-01-12. 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

2068

FDIC Certificate

17220

FDIC FIN

2956

Bank name

THE NATIONAL BANK OF BOSSIER CITY

Location

BOSSIER CITY, LA

Failure date

1989-01-12

FDIC resolution date

1989-01-12

Charter type

National commercial bank (OCC-chartered)

Resolution type

Purchase & Assumption — acquiring bank assumed deposits + bought assets

FDIC DIF cost (est.)

$31M

Deposits at failure

$76M

Assets at failure

$73M

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
• FIRST NATIONAL BANK (COVINGTON, LA) — failed 1988-11-18
• NATIONAL FIDELITY BANK OF SHREVEPORT (SHREVEPORT, LA) — failed 1988-07-28
• UNITED MERCANTILE BANK (SHREVEPORT, LA) — failed 1988-01-21
• HUB CITY BANK & TRUST COMPANY (LAFAYETTE, LA) — failed 1987-02-20