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Bank failure · LA

Bossier Bank & Trust Company (Bossier City, LA) — failed June 13, 1986

Bossier Bank & Trust Company of Bossier City, Louisiana was closed on June 13, 1986 and resolved through a purchase and assumption. First Nb of Shreveport (LA) took over its insured deposits. At failure it held $215.8M in assets and $201.9M in deposits. The FDIC's estimated loss on the failure is $86.2M (39.9% of assets).

Closing date
June 13, 1986
FDIC certificate #
8142
Resolution
Purchase and assumption (failure)
Acquiring institution
First Nb of Shreveport
Insurance fund
FDIC

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What happens when a bank fails