Bank failure · LA

Avoyelles Trust & Savings Bank (Bunkie, LA) — failed November 10, 1988

Avoyelles Trust & Savings Bank of Bunkie, Louisiana was closed on November 10, 1988 and resolved through a purchase and assumption. Bunkie Bank&trust Co (LA) took over its insured deposits. At failure it held $27.1M in assets and $30.2M in deposits. The FDIC's estimated loss on the failure is $8.8M (32.4% of assets).