Bank failure · LA
First Bank, Pineville, Louisiana (Pineville, LA) — failed December 8, 1989
First Bank, Pineville, Louisiana of Pineville, Louisiana was closed on December 8, 1989 and resolved through a purchase and assumption. Rapides Bank & Trust Compan (LA) took over its insured deposits. At failure it held $72.3M in assets and $69.3M in deposits. The FDIC's estimated loss on the failure is $39.5M (54.6% of assets).
- Closing date
- December 8, 1989
- FDIC certificate #
- 21514
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Rapides Bank & Trust Compan
- Insurance fund
- BIF
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