Bank failure · LA
American Bank & Trust Company (Shreveport, LA) — failed April 11, 1991
American Bank & Trust Company of Shreveport, Louisiana was closed on April 11, 1991 and resolved through a purchase and assumption. Tri-State Bank and Trust (LA) took over its insured deposits. At failure it held $60.9M in assets and $60.4M in deposits. The FDIC's estimated loss on the failure is $10.5M (17.3% of assets).
- Closing date
- April 11, 1991
- FDIC certificate #
- 18723
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Tri-State Bank and Trust
- Insurance fund
- BIF
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