Bank failure · LA
St. Tammany National Bank (Mandeville, LA) — failed April 6, 1989
St. Tammany National Bank of Mandeville, Louisiana was closed on April 6, 1989 and resolved through a purchase and assumption. Whitney National Bank in St (LA) took over its insured deposits. At failure it held $47.1M in assets and $44.7M in deposits. The FDIC's estimated loss on the failure is $5.8M (12.4% of assets).
- Closing date
- April 6, 1989
- FDIC certificate #
- 23389
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Whitney National Bank in St
- Insurance fund
- FDIC
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