Bank failure · LA
Republic Bank (Blanchard, LA) — failed October 31, 1986
Republic Bank of Blanchard, Louisiana was closed on October 31, 1986 and resolved through a purchase and assumption. American B&t Co in Monro (LA) took over its insured deposits. At failure it held $41.7M in assets and $39.4M in deposits. The FDIC's estimated loss on the failure is $11.6M (27.8% of assets).
- Closing date
- October 31, 1986
- FDIC certificate #
- 20758
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- American B&t Co in Monro
- Insurance fund
- FDIC
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