Bank failure · LA
State Bank of Commerce (Slidell, LA) — failed December 3, 1987
State Bank of Commerce of Slidell, Louisiana was closed on December 3, 1987 and resolved through a purchase and assumption. Peoples B&t Co of St Ber (LA) took over its insured deposits. At failure it held $49.2M in assets and $48.6M in deposits. The FDIC's estimated loss on the failure is $14.2M (28.9% of assets).
- Closing date
- December 3, 1987
- FDIC certificate #
- 24921
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Peoples B&t Co of St Ber
- Insurance fund
- FDIC
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