THE PEOPLES BANK & TRUST COMPANY Failed 1990

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

What happened

THE PEOPLES BANK & TRUST COMPANY of NATCHITOCHES, LA was closed on 1990-10-05. The FDIC was named receiver.

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

Deposits were transferred to HERITAGE BANK OF NATCHITOCH (NATCHITOCHES, LA). Customers became depositors of the acquiring bank automatically.

Key facts

FDIC ID
2915
FDIC Certificate
11789
FDIC FIN
4283
Bank name
THE PEOPLES BANK & TRUST COMPANY
Location
NATCHITOCHES, LA
Failure date
1990-10-05
FDIC resolution date
1990-10-05
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.)
$13M
Deposits at failure
$116M
Assets at failure
$117M
Acquiring bank
HERITAGE BANK OF NATCHITOCH (NATCHITOCHES, LA)