# BANK OF THE SOUTH

> **Failed bank** · BATON ROUGE, LA · failed 1991-10-30 · State commercial bank, non-Federal Reserve member (FDIC-supervised) · FDIC cost $4M

## What happened

BANK OF THE SOUTH of BATON ROUGE, LA was closed by regulators on **1991-10-30**. The FDIC was named receiver.

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

Deposits were transferred to **THE FIRST NATIONAL BANK IN** (MORGAN CITY, LA). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 3228
- **FDIC Certificate:** 22824
- **FDIC FIN:** 4420
- **Bank name:** BANK OF THE SOUTH
- **Location:** BATON ROUGE, LA
- **Failure date:** 1991-10-30
- **FDIC resolution date:** 1991-10-30
- **Charter type:** State commercial bank, non-Federal Reserve member (FDIC-supervised)
- **Resolution type:** Purchase & Assumption — acquiring bank assumed deposits + bought assets
- **Estimated FDIC DIF cost:** $4M
- **Deposits at failure:** $31M
- **Assets at failure:** $32M
- **Acquiring bank:** THE FIRST NATIONAL BANK IN (MORGAN CITY, LA)

## Other banks THE FIRST NATIONAL BANK IN has acquired in FDIC resolutions

- ALVARADO NATIONAL BANK (ALVARADO, TX) — failed 1991-11-14 — /failed-bank/3236
- MIDLOTHIAN NATIONAL BANK (MIDLOTHIAN, TX) — failed 1989-12-13 — /failed-bank/2587
- FIRST NATIONAL BANK OF EAST BATON ROUGE (BATON ROUGE, LA) — failed 1989-05-04 — /failed-bank/2367

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=BANK%20OF%20THE%20SOUTH

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, BANK OF THE SOUTH (FDIC ID 3228), failed 1991-10-30. Retrieved via AI Analytics 2026-05-19 from https://api.ai-analytics.org/failed-bank/3228.

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