Bank failure · LA
The Lasalle State Bank (Jena, LA) — failed September 7, 1989
The Lasalle State Bank of Jena, Louisiana was closed on September 7, 1989 and resolved through a purchase and assumption. Jonesville Bank & Trust Com (LA) took over its insured deposits. At failure it held $38.8M in assets and $37.1M in deposits. The FDIC's estimated loss on the failure is $631K (1.6% of assets).
- Closing date
- September 7, 1989
- FDIC certificate #
- 8805
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Jonesville Bank & Trust Com
- Insurance fund
- BIF
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