THE FARMERS BANK & TRUST OF CHENEYVILLE Failed 2002
What happened
THE FARMERS BANK & TRUST OF CHENEYVILLE of CHENEYVILLE, LA was closed on 2002-12-17. The FDIC was named receiver.
Resolution: Payout / Insured deposits — FDIC paid insured deposits directly to depositors
Deposits were transferred to SABINE STATE BANK & TRUST C (MANY, LA). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 3545
- FDIC Certificate
- 16445
- FDIC FIN
- 4659
- Bank name
- THE FARMERS BANK & TRUST OF CHENEYVILLE
- Location
- CHENEYVILLE, LA
- Failure date
- 2002-12-17
- FDIC resolution date
- 2002-12-17
- Charter type
- State commercial bank, non-Federal Reserve member (FDIC-supervised)
- Resolution type
- Payout / Insured deposits — FDIC paid insured deposits directly to depositors
- FDIC DIF cost (est.)
- $12M
- Deposits at failure
- $32M
- Assets at failure
- $35M
- Acquiring bank
- SABINE STATE BANK & TRUST C (MANY, LA)