# THE STERLINGTON BANK

> **Failed bank** · STERLINGTON, LA · failed 1989-07-13 · State commercial bank, non-Federal Reserve member (FDIC-supervised) · FDIC cost $4M

## What happened

THE STERLINGTON BANK of STERLINGTON, LA was closed by regulators on **1989-07-13**. The FDIC was named receiver.

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

Deposits were transferred to **BANK OF ST. JOSEPH & TRUST** (ST. JOSEPH, LA). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 2409
- **FDIC Certificate:** 16839
- **FDIC FIN:** 4032
- **Bank name:** THE STERLINGTON BANK
- **Location:** STERLINGTON, LA
- **Failure date:** 1989-07-13
- **FDIC resolution date:** 1989-07-13
- **Charter type:** State commercial bank, non-Federal Reserve member (FDIC-supervised)
- **Resolution type:** Purchase & Assumption — acquiring bank assumed deposits + bought assets
- **Estimated FDIC DIF cost:** $4M
- **Deposits at failure:** $15M
- **Assets at failure:** $15M
- **Acquiring bank:** BANK OF ST. JOSEPH & TRUST (ST. JOSEPH, LA)

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=THE%20STERLINGTON%20BANK

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, THE STERLINGTON BANK (FDIC ID 2409), failed 1989-07-13. Retrieved via AI Analytics 2026-05-18 from https://api.ai-analytics.org/failed-bank/2409.

---

*[FDIC failures dataset](/datasets/fdic-failures) · CC0 1.0*