Bank failure · LA
Hub City Bank & Trust Company (Lafayette, LA) — failed February 20, 1987
Hub City Bank & Trust Company of Lafayette, Louisiana was closed on February 20, 1987 and resolved through a purchase and assumption. Hibernia National Bank (LA) took over its insured deposits. At failure it held $38.0M in assets and $38.2M in deposits. The FDIC's estimated loss on the failure is $12.9M (33.9% of assets).
- Closing date
- February 20, 1987
- FDIC certificate #
- 19257
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Hibernia National Bank
- Insurance fund
- FDIC
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