Bank failure · LA
The Sterlington Bank (Sterlington, LA) — failed July 13, 1989
The Sterlington Bank of Sterlington, Louisiana was closed on July 13, 1989 and resolved through a purchase and assumption. Bank of St. Joseph & Trust (LA) took over its insured deposits. At failure it held $15.2M in assets and $14.6M in deposits. The FDIC's estimated loss on the failure is $4.2M (27.6% of assets).
- Closing date
- July 13, 1989
- FDIC certificate #
- 16839
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Bank of St. Joseph & Trust
- Insurance fund
- FDIC
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