AMERICAN BANK & TRUST COMPANY Failed 1990
What happened
AMERICAN BANK & TRUST COMPANY of BATON ROUGE, LA was closed on 1990-08-02. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to HANCOCK BANK OF LOUISIANA (BATON ROUGE, LA). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 2863
- FDIC Certificate
- 16392
- FDIC FIN
- 4254
- Bank name
- AMERICAN BANK & TRUST COMPANY
- Location
- BATON ROUGE, LA
- Failure date
- 1990-08-02
- FDIC resolution date
- 1990-08-02
- 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
- $320M
- Assets at failure
- $352M
- Acquiring bank
- HANCOCK BANK OF LOUISIANA (BATON ROUGE, LA)