VERMILION FSB Failed 1991
What happened
VERMILION FSB of ABBEVILLE, LA was closed on 1991-05-10. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to FIRST ACADIANA NB (OPELOUSAS, LA). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 3099
- FDIC Certificate
- 31552
- FDIC FIN
- 2145
- Bank name
- VERMILION FSB
- Location
- ABBEVILLE, LA
- Failure date
- 1991-05-10
- FDIC resolution date
- 1991-11-01
- Charter type
- SL
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $0M
- Deposits at failure
- $18M
- Assets at failure
- $18M
- Acquiring bank
- FIRST ACADIANA NB (OPELOUSAS, LA)