Bank failure · LA
Bank of Benton (Benton, LA) — failed January 5, 1989
Bank of Benton of Benton, Louisiana was closed on January 5, 1989 and resolved through a purchase and assumption. Red River Valley Bank (LA) took over its insured deposits. At failure it held $12.2M in assets and $12.1M in deposits. The FDIC's estimated loss on the failure is $3.4M (27.6% of assets).
- Closing date
- January 5, 1989
- FDIC certificate #
- 8139
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Red River Valley Bank
- Insurance fund
- FDIC
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