Bank failure · LA

Baton Rouge Bank & Trust Company (Baton Rouge, LA) — failed December 21, 1988

Baton Rouge Bank & Trust Company of Baton Rouge, Louisiana was closed on December 21, 1988 and resolved through a a/a. Baton Rouge Bank&trust Co (LA) took over its insured deposits. At failure it held $111.5M in assets and $112.7M in deposits. The FDIC's estimated loss on the failure is $18.0M (16.1% of assets).