Bank failure · LA
Breaux Bridge Bank & Trust Company (Breaux Bridge, LA) — failed September 17, 1987
Breaux Bridge Bank & Trust Company of Breaux Bridge, Louisiana was closed on September 17, 1987 and resolved through a purchase and assumption. Midsouth National Bank (LA) took over its insured deposits. At failure it held $22.5M in assets and $29.8M in deposits. The FDIC's estimated loss on the failure is $13.8M (61.6% of assets).
- Closing date
- September 17, 1987
- FDIC certificate #
- 18440
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Midsouth National Bank
- Insurance fund
- FDIC
Other failures in 1987
- First Financial Bank, FSB LA
- Gibson Federal S&la IL
- First Fs&la of Slidell LA
- American Fs&la VA
- Firstbanc FSB LA
- First Fs&la of Alexandria LA
- First Financial of LA LA
- Community Fs&la OH
- The Falun State Bank KS
- First State Bank at Shoshoni WY
- Usbank TX
- American Bank of Commerce LA
- Bank of Mabank TX
- Boone County Fs&la MO
- Mt. Pleasant S&la TX
- First Interstate Bank of Alaska AK
- Lewis and Clark State Bank OR
- Surety Fs&la NC
- American Bank in Louisiana LA
- Bancfirst-Austin, N.A. TX
- Louisiana Bank & Trust Company LA
- The First National Bank in Rhome TX
- Heritage National Bank TX
- The Farmers National Bank of Cordell OK