WESTERN NATIONAL BANK OF LOUISIANA Failed 1989

What happened

WESTERN NATIONAL BANK OF LOUISIANA of KAPLAN, 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 KAPLAN STATE BANK (KAPLAN, LA). Customers became depositors of the acquiring bank automatically.

Key facts

FDIC ID

2542

FDIC Certificate

24704

FDIC FIN

4111

Bank name

WESTERN NATIONAL BANK OF LOUISIANA

Location

KAPLAN, LA

Failure date

1989-10-26

FDIC resolution date

1989-10-26

Charter type

National commercial bank (OCC-chartered)

Resolution type

Purchase & Assumption — acquiring bank assumed deposits + bought assets

FDIC DIF cost (est.)

$1M

Deposits at failure

$12M

Assets at failure

$12M

Acquiring bank

KAPLAN STATE BANK (KAPLAN, LA)