Bank failure · LA
Pelican State Bank (Mansfield, LA) — failed June 24, 1987
Pelican State Bank of Mansfield, Louisiana was closed on June 24, 1987 and resolved through a purchase and assumption. Peoples State Bank (LA) took over its insured deposits. At failure it held $7.2M in assets and $7.0M in deposits. The FDIC's estimated loss on the failure is $3.4M (47.0% of assets).
- Closing date
- June 24, 1987
- FDIC certificate #
- 9321
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Peoples State Bank
- Insurance fund
- FDIC
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