Bank failure · LA

Claiborne Bank & Trust Company (Homer, LA) — failed June 29, 1988

Claiborne Bank & Trust Company of Homer, Louisiana was closed on June 29, 1988 and resolved through a purchase and assumption. Homer National Bank (LA) took over its insured deposits. At failure it held $13.1M in assets and $12.9M in deposits. The FDIC's estimated loss on the failure is $1.3M (9.7% of assets).