Bank failure · LA

National Fidelity Bank of Shreveport (Shreveport, LA) — failed July 28, 1988

National Fidelity Bank of Shreveport of Shreveport, Louisiana was closed on July 28, 1988 and resolved through a purchase and assumption. Hibernia National Bank (LA) took over its insured deposits. At failure it held $10.5M in assets and $10.6M in deposits. The FDIC's estimated loss on the failure is $2.9M (27.9% of assets).