Bank failure · LA
The Peoples Bank and Trust of Iberia Paris (New Iberia, LA) — failed November 19, 1987
The Peoples Bank and Trust of Iberia Paris of New Iberia, Louisiana was closed on November 19, 1987 and resolved through a purchase and assumption. New Iberia Bank (LA) took over its insured deposits. At failure it held $79.1M in assets and $76.3M in deposits. The FDIC's estimated loss on the failure is $9.1M (11.5% of assets).
- Closing date
- November 19, 1987
- FDIC certificate #
- 4295
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- New Iberia Bank
- Insurance fund
- FDIC
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