Bank failure · LA
Sun Belt Federal Bank, FSB (Lake Providence, LA) — failed June 25, 1985
Sun Belt Federal Bank, FSB of Lake Providence, Louisiana was closed on June 25, 1985 and resolved through a abt. Horizon Fs&la (LA) took over its insured deposits. At failure it held $278.3M in assets and $269.1M in deposits. The FDIC's estimated loss on the failure is $156.2M (56.1% of assets).
- Closing date
- June 25, 1985
- FDIC certificate #
- 28913
- Resolution
- ABT (failure)
- Acquiring institution
- Horizon Fs&la
- Insurance fund
- FSLIC
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