Bank failure · LA
The Farmers Bank & Trust of Cheneyville (Cheneyville, LA) — failed December 17, 2002
The Farmers Bank & Trust of Cheneyville of Cheneyville, Louisiana was closed on December 17, 2002 and resolved through a purchase and assumption (insured deposits). Sabine State Bank & Trust C (LA) took over its insured deposits. At failure it held $35.3M in assets and $32.1M in deposits. The FDIC's estimated loss on the failure is $12.2M (34.6% of assets).
- Closing date
- December 17, 2002
- FDIC certificate #
- 16445
- Resolution
- Purchase and assumption (insured deposits) (failure)
- Acquiring institution
- Sabine State Bank & Trust C
- Insurance fund
- BIF
- Pre-failure filings
- Last reported financials