Bank failure · LA
Liberty Bank & Trust Company (Greenwood, LA) — failed June 26, 1987
Liberty Bank & Trust Company of Greenwood, Louisiana was closed on June 26, 1987 and resolved through a purchase and assumption. Peoples State Bank (LA) took over its insured deposits. At failure it held $12.6M in assets and $12.2M in deposits. The FDIC's estimated loss on the failure is $5.2M (41.3% of assets).
- Closing date
- June 26, 1987
- FDIC certificate #
- 23131
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Peoples State Bank
- Insurance fund
- FDIC
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