Bank failure · LA
Bank of St. Charles (St. Rose, LA) — failed November 2, 1989
Bank of St. Charles of St. Rose, Louisiana was closed on November 2, 1989 and resolved through a purchase and assumption. First American Bank and Tru (LA) took over its insured deposits. At failure it held $65.2M in assets and $65.2M in deposits. The FDIC's estimated loss on the failure is $11.1M (17.0% of assets).
- Closing date
- November 2, 1989
- FDIC certificate #
- 11786
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- First American Bank and Tru
- Insurance fund
- BIF
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