Bank Failure
American Bank & Trust Company
BankRegReports is independent of American Bank & Trust Company and never asks for online banking logins or passwords.
Closed September 26, 1986 · Lafayette, LA · FDIC Cert #17532.
- Closing date
- September 26, 1986
- Headquarters
- Lafayette, LA
- FDIC Certificate
- 17532
- Total assets (last filing before closing)
- $210.9M
- Total deposits (last filing before closing)
- $191.7M
- Estimated loss to the insurance fund
- $65.5M
- Insurance fund
- FDIC insurance fund
- Resolution
- Failure (closed by regulators)
- Acquirer
- Whitney NB of New Orlean
Context
On September 26, 1986, regulators closed American Bank & Trust Company, headquartered in Lafayette, LA. At closing, the institution held approximately $210.9M in assets and $191.7M in deposits. The FDIC record names Whitney NB of New Orlean as the acquiring institution in the resolution. The estimated cost to the FDIC insurance fund was approximately $65.5M.
By total assets in its last filing before closing, this is the 746th largest of the 3,526 bank failures in the FDIC record, and the 10th of 162 in 1986. It falls in the period the record labels S&L / Banking Crisis (1980-1995), a period with 2,367 failures peaking at 530 in 1989.
Deregulation, interest-rate shocks, and commercial real estate blowups produced the worst US banking failure wave since the Depression. Resulted in FIRREA (1989) and the RTC.
Source: FDIC Failed Banks list. Asset and deposit values reflect the most recent regulatory filing prior to closing, in nominal dollars, and can differ from the balance on the closing day.
Common questions
When did American Bank & Trust Company fail?
American Bank & Trust Company was closed by regulators on September 26, 1986.
Who acquired American Bank & Trust Company?
The FDIC record names Whitney NB of New Orlean as the acquiring institution in the resolution of American Bank & Trust Company.
How big was American Bank & Trust Company when it failed?
American Bank & Trust Company had approximately $210.9M in total assets and $191.7M in deposits at the time of failure.
Other failures in 1986
| Date | Bank | Assets |
|---|---|---|
| Dec 19, 1986 | Lakeland State Bank | $49.4M |
| Dec 19, 1986 | Farmers State Bank | $9.7M |
| Dec 18, 1986 | First Bank & Trust Co. | $94.9M |
| Dec 18, 1986 | Landmark National Bank | $12.9M |
| Dec 18, 1986 | Lago Vista National Bank | $11.9M |
| Dec 12, 1986 | Guaranty Federal Bank FSB | $63.8M |
| Dec 12, 1986 | First Savings of America | $47.0M |
| Dec 9, 1986 | The Citizens Bank of Windsor | $24.8M |
Explore: all failures · LA bank events · Bank failures in Louisiana · 1986 events · events hub