Bank failure · LA
Capital Bank & Trust Co. (Baton Rouge, LA) — failed October 30, 1987
Capital Bank & Trust Co. of Baton Rouge, Louisiana was closed on October 30, 1987 and resolved through a purchase and assumption. Sunburst Bank (LA) took over its insured deposits. At failure it held $384.4M in assets and $343.4M in deposits. The FDIC's estimated loss on the failure is $55.5M (14.4% of assets).
- Closing date
- October 30, 1987
- FDIC certificate #
- 17442
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Sunburst Bank
- Insurance fund
- FDIC
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