Bank failure · LA

Louisiana Commercial Bank (Madisonville, LA) — failed January 21, 1988

Louisiana Commercial Bank of Madisonville, Louisiana was closed on January 21, 1988 and resolved through a purchase and assumption. Pontchartrain State Bank (LA) took over its insured deposits. At failure it held $26.8M in assets and $25.7M in deposits. The FDIC's estimated loss on the failure is $6.3M (23.4% of assets).