ACADIANA NATIONAL BANK Failed 1990

What happened

ACADIANA NATIONAL BANK of LAFAYETTE, LA was closed on 1990-04-19. The FDIC was named receiver.

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

Deposits were transferred to FIRST NATIONAL BANK OF ST. (OPELOUSAS, LA). Customers became depositors of the acquiring bank automatically.

Key facts

FDIC ID

2732

FDIC Certificate

24941

FDIC FIN

4182

Bank name

ACADIANA NATIONAL BANK

Location

LAFAYETTE, LA

Failure date

1990-04-19

FDIC resolution date

1990-04-19

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

$33M

Assets at failure

$34M

Acquiring bank

FIRST NATIONAL BANK OF ST. (OPELOUSAS, LA)