Bank failure · LA

Bank of the Mid-South (Bossier City, LA) — failed August 25, 1988

Bank of the Mid-South of Bossier City, Louisiana was closed on August 25, 1988 and resolved through a purchase and assumption. Red River Valley Bank (LA) took over its insured deposits. At failure it held $41.8M in assets and $41.1M in deposits. The FDIC's estimated loss on the failure is $6.8M (16.3% of assets).