Bank failure · LA
Tallulah State Bank & Trust Comp (Tallulah, LA) — failed March 27, 1987
Tallulah State Bank & Trust Comp of Tallulah, Louisiana was closed on March 27, 1987 and resolved through a purchase and assumption. Bank of St Joseph&trust (LA) took over its insured deposits. At failure it held $31.1M in assets and $31.4M in deposits. The FDIC's estimated loss on the failure is $11.9M (38.3% of assets).
- Closing date
- March 27, 1987
- FDIC certificate #
- 8803
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Bank of St Joseph&trust
- Insurance fund
- FDIC
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