Bank failure · LA
Western National Bank of Louisiana (Kaplan, LA) — failed October 26, 1989
Western National Bank of Louisiana of Kaplan, Louisiana was closed on October 26, 1989 and resolved through a purchase and assumption. Kaplan State Bank (LA) took over its insured deposits. At failure it held $11.8M in assets and $11.9M in deposits. The FDIC's estimated loss on the failure is $1.5M (12.4% of assets).
- Closing date
- October 26, 1989
- FDIC certificate #
- 24704
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Kaplan State Bank
- Insurance fund
- BIF
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