AMERICAN BANK & TRUST COMPANY Failed 1991
What happened
AMERICAN BANK & TRUST COMPANY of SHREVEPORT, LA was closed on 1991-04-11. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to TRI-STATE BANK AND TRUST (HAUGHTON, LA). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 3064
- FDIC Certificate
- 18723
- FDIC FIN
- 4341
- Bank name
- AMERICAN BANK & TRUST COMPANY
- Location
- SHREVEPORT, LA
- Failure date
- 1991-04-11
- FDIC resolution date
- 1991-04-11
- 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.)
- $11M
- Deposits at failure
- $60M
- Assets at failure
- $61M
- Acquiring bank
- TRI-STATE BANK AND TRUST (HAUGHTON, LA)
Other banks TRI-STATE BANK AND TRUST acquired in FDIC resolutions