Bank failure · LA

Bank of Commerce (Alexandria, LA) — failed December 13, 1990

Bank of Commerce of Alexandria, Louisiana was closed on December 13, 1990 and resolved through a purchase and assumption. The Evangeline Bank and Tru (LA) took over its insured deposits. At failure it held $19.6M in assets and $19.9M in deposits. The FDIC's estimated loss on the failure is $4.1M (21.0% of assets).