Bank failure · LA
Bank of Oak Grove (Oak Grove, LA) — failed May 21, 1987
Bank of Oak Grove of Oak Grove, Louisiana was closed on May 21, 1987 and resolved through a purchase and assumption. West Carroll Nb of Oak G (LA) took over its insured deposits. At failure it held $24.0M in assets and $23.6M in deposits. The FDIC's estimated loss on the failure is $6.0M (24.8% of assets).
- Closing date
- May 21, 1987
- FDIC certificate #
- 317
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- West Carroll Nb of Oak G
- Insurance fund
- FDIC
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