Bank failure · LA

Bank of the South (Baton Rouge, LA) — failed October 30, 1991

Bank of the South of Baton Rouge, Louisiana was closed on October 30, 1991 and resolved through a purchase and assumption. The First National Bank in (LA) took over its insured deposits. At failure it held $31.8M in assets and $31.3M in deposits. The FDIC's estimated loss on the failure is $3.6M (11.3% of assets).