Bank failure · LA
The Olla State Bank (Olla, LA) — failed October 5, 1989
The Olla State Bank of Olla, Louisiana was closed on October 5, 1989 and resolved through a purchase and assumption. Jonesville Bank & Trust Com (LA) took over its insured deposits. At failure it held $23.6M in assets and $22.9M in deposits. The FDIC's estimated loss on the failure is $3.6M (15.4% of assets).
- Closing date
- October 5, 1989
- FDIC certificate #
- 11787
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Jonesville Bank & Trust Com
- Insurance fund
- BIF
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