Bank failure · LA
First National Bank of East Baton Rouge (Baton Rouge, LA) — failed May 4, 1989
First National Bank of East Baton Rouge of Baton Rouge, Louisiana was closed on May 4, 1989 and resolved through a purchase and assumption. The First National Bank in (LA) took over its insured deposits. At failure it held $28.3M in assets and $30.5M in deposits. The FDIC's estimated loss on the failure is $7.6M (26.8% of assets).
- Closing date
- May 4, 1989
- FDIC certificate #
- 24318
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- The First National Bank in
- Insurance fund
- FDIC
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