FIRST BANK, PINEVILLE, LOUISIANA Failed 1989

PINEVILLE, LA · State commercial bank, non-Federal Reserve member (FDIC-supervised) · view on FDIC BankFind ↗

What happened

FIRST BANK, PINEVILLE, LOUISIANA of PINEVILLE, LA was closed on 1989-12-08. The FDIC was named receiver.

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

Deposits were transferred to RAPIDES BANK & TRUST COMPAN (ALEXANDRIA, LA). Customers became depositors of the acquiring bank automatically.

Key facts

FDIC ID
2582
FDIC Certificate
21514
FDIC FIN
4131
Bank name
FIRST BANK, PINEVILLE, LOUISIANA
Location
PINEVILLE, LA
Failure date
1989-12-08
FDIC resolution date
1989-12-08
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.)
$39M
Deposits at failure
$69M
Assets at failure
$72M
Acquiring bank
RAPIDES BANK & TRUST COMPAN (ALEXANDRIA, LA)