Bank failure · LA
Louisiana Bank & Trust Company (Shreveport, LA) — failed February 16, 1989
Louisiana Bank & Trust Company of Shreveport, Louisiana was closed on February 16, 1989 and resolved through a purchase and assumption. Hibernia National Bank (LA) took over its insured deposits. At failure it held $270.4M in assets and $276.3M in deposits. The FDIC's estimated loss on the failure is $70.5M (26.1% of assets).
- Closing date
- February 16, 1989
- FDIC certificate #
- 17537
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Hibernia National Bank
- Insurance fund
- FDIC
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