Bank failure · LA
The First National Bank of Ruston (Ruston, LA) — failed April 10, 1986
The First National Bank of Ruston of Ruston, Louisiana was closed on April 10, 1986 and resolved through a purchase and assumption. Security First National (LA) took over its insured deposits. At failure it held $31.5M in assets and $31.0M in deposits. The FDIC's estimated loss on the failure is $2.3M (7.3% of assets).
- Closing date
- April 10, 1986
- FDIC certificate #
- 14308
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Security First National
- Insurance fund
- FDIC
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