# THE OLLA STATE BANK

> **Failed bank** · OLLA, LA · failed 1989-10-05 · State commercial bank, non-Federal Reserve member (FDIC-supervised) · FDIC cost $4M

## What happened

THE OLLA STATE BANK of OLLA, LA was closed by regulators 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
- **Estimated FDIC DIF cost:** $4M
- **Deposits at failure:** $23M
- **Assets at failure:** $24M
- **Acquiring bank:** JONESVILLE BANK & TRUST COM (JONESVILLE, LA)

## Other banks JONESVILLE BANK & TRUST COM has acquired in FDIC resolutions

- THE LASALLE STATE BANK (JENA, LA) — failed 1989-09-07 — /failed-bank/2501

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, THE OLLA STATE BANK (FDIC ID 2518), failed 1989-10-05. Retrieved via AI Analytics 2026-07-02 from https://api.ai-analytics.org/failed-bank/2518.

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