Bank failure · LA
Louisiana Bank & Trust Company (Crowley, LA) — failed December 10, 1987
Louisiana Bank & Trust Company of Crowley, Louisiana was closed on December 10, 1987 and resolved through a purchase and assumption. Evangeline Bank&trust Co (LA) took over its insured deposits. At failure it held $18.5M in assets and $21.2M in deposits. The FDIC's estimated loss on the failure is $7.8M (42.3% of assets).
- Closing date
- December 10, 1987
- FDIC certificate #
- 18298
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Evangeline Bank&trust Co
- Insurance fund
- FDIC
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