Bank failure · LA
Bank of Dixie (Lake Providence, LA) — failed January 10, 1986
Bank of Dixie of Lake Providence, Louisiana was closed on January 10, 1986 and resolved through a purchase and assumption. Louisiana Delta Bank (LA) took over its insured deposits. At failure it held $41.4M in assets and $36.5M in deposits. The FDIC's estimated loss on the failure is $13.6M (32.9% of assets).
- Closing date
- January 10, 1986
- FDIC certificate #
- 8147
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Louisiana Delta Bank
- Insurance fund
- FDIC
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