FIRST SECURITY BANK AND TRUST CO Failed 1989
What happened
FIRST SECURITY BANK AND TRUST CO of HAUGHTON, LA was closed on 1989-10-26. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to TRI-STATE BANK AND TRUST (HAUGHTON, LA). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 2541
- FDIC Certificate
- 22897
- FDIC FIN
- 4112
- Bank name
- FIRST SECURITY BANK AND TRUST CO
- Location
- HAUGHTON, LA
- Failure date
- 1989-10-26
- FDIC resolution date
- 1989-10-26
- 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.)
- $6M
- Deposits at failure
- $21M
- Assets at failure
- $21M
- Acquiring bank
- TRI-STATE BANK AND TRUST (HAUGHTON, LA)
Other banks TRI-STATE BANK AND TRUST acquired in FDIC resolutions