LOUISIANA BANK & TRUST COMPANY Failed 1989

What happened

LOUISIANA BANK & TRUST COMPANY of SHREVEPORT, LA was closed on 1989-02-16. 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

2103

FDIC Certificate

17537

FDIC FIN

2967

Bank name

LOUISIANA BANK & TRUST COMPANY

Location

SHREVEPORT, LA

Failure date

1989-02-16

FDIC resolution date

1989-02-16

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.)

$70M

Deposits at failure

$276M

Assets at failure

$270M

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
• THE NATIONAL BANK OF BOSSIER CITY (BOSSIER CITY, LA) — failed 1989-01-12
• 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