Bank failure · LA
The Peoples Bank & Trust Company (Natchitoches, LA) — failed October 5, 1990
The Peoples Bank & Trust Company of Natchitoches, Louisiana was closed on October 5, 1990 and resolved through a purchase and assumption. Heritage Bank of Natchitoch (LA) took over its insured deposits. At failure it held $117.0M in assets and $115.8M in deposits. The FDIC's estimated loss on the failure is $12.6M (10.7% of assets).
- Closing date
- October 5, 1990
- FDIC certificate #
- 11789
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Heritage Bank of Natchitoch
- Insurance fund
- BIF
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