THE OLLA STATE BANK Failed 1989
What happened
THE OLLA STATE BANK of OLLA, LA was closed on 1989-10-05. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to JONESVILLE BANK & TRUST COM (JONESVILLE, LA). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 2518
- FDIC Certificate
- 11787
- FDIC FIN
- 5996
- Bank name
- THE OLLA STATE BANK
- Location
- OLLA, LA
- Failure date
- 1989-10-05
- FDIC resolution date
- 1989-10-05
- 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.)
- $4M
- Deposits at failure
- $23M
- Assets at failure
- $24M
- Acquiring bank
- JONESVILLE BANK & TRUST COM (JONESVILLE, LA)
Other banks JONESVILLE BANK & TRUST COM acquired in FDIC resolutions