Bank failure · LA
American Bank & Trust Company (Baton Rouge, LA) — failed August 2, 1990
American Bank & Trust Company of Baton Rouge, Louisiana was closed on August 2, 1990 and resolved through a purchase and assumption. Hancock Bank of Louisiana (LA) took over its insured deposits. At failure it held $351.5M in assets and $319.8M in deposits. The FDIC's estimated loss on the failure is $6.2M (1.8% of assets).
- Closing date
- August 2, 1990
- FDIC certificate #
- 16392
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Hancock Bank of Louisiana
- Insurance fund
- BIF
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