LIVINGSTON BANK Failed 1989

What happened

LIVINGSTON BANK of DENHAM SPRINGS, LA was closed on 1989-03-16. 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

2224

FDIC Certificate

15786

FDIC FIN

2974

Bank name

LIVINGSTON BANK

Location

DENHAM SPRINGS, LA

Failure date

1989-03-16

FDIC resolution date

1989-03-16

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.)

$16M

Deposits at failure

$104M

Assets at failure

$106M

Acquiring bank

HIBERNIA NATIONAL BANK (NEW ORLEANS, LA)

Other banks HIBERNIA NATIONAL BANK acquired in FDIC resolutions

• 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
• 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