ST. TAMMANY NATIONAL BANK Failed 1989

MANDEVILLE, LA · National commercial bank (OCC-chartered) · view on FDIC BankFind ↗

What happened

ST. TAMMANY NATIONAL BANK of MANDEVILLE, LA was closed on 1989-04-06. The FDIC was named receiver.

Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets

Deposits were transferred to WHITNEY NATIONAL BANK IN ST (MANDEVILLE, LA). Customers became depositors of the acquiring bank automatically.

Key facts

FDIC ID
2314
FDIC Certificate
23389
FDIC FIN
4003
Bank name
ST. TAMMANY NATIONAL BANK
Location
MANDEVILLE, LA
Failure date
1989-04-06
FDIC resolution date
1989-04-06
Charter type
National commercial bank (OCC-chartered)
Resolution type
Purchase & Assumption — acquiring bank assumed deposits + bought assets
FDIC DIF cost (est.)
$6M
Deposits at failure
$45M
Assets at failure
$47M
Acquiring bank
WHITNEY NATIONAL BANK IN ST (MANDEVILLE, LA)