FIRST ACADIANA BANK Failed 1989
What happened
FIRST ACADIANA BANK of EUNICE, LA was closed on 1989-12-14. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to AMERICAN SECURITY BANK OF V (VILLE PLATTE, LA). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 2589
- FDIC Certificate
- 19492
- FDIC FIN
- 4134
- Bank name
- FIRST ACADIANA BANK
- Location
- EUNICE, LA
- Failure date
- 1989-12-14
- FDIC resolution date
- 1989-12-14
- 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
- $45M
- Assets at failure
- $47M
- Acquiring bank
- AMERICAN SECURITY BANK OF V (VILLE PLATTE, LA)