Bank Failure
American Bank & Trust Company
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Closed August 2, 1990 · Baton Rouge, LA · FDIC Cert #16392.
- Closing date
- August 2, 1990
- Headquarters
- Baton Rouge, LA
- FDIC Certificate
- 16392
- Total assets at closing
- $351.5M
- Total deposits at closing
- $319.8M
- Estimated loss to the insurance fund
- $6.2M
- Insurance fund
- Bank Insurance Fund (BIF)
- Resolution
- Failure (closed by regulators)
- Acquirer
- Hancock Bank of Louisiana
Context
On August 2, 1990, regulators closed American Bank & Trust Company, headquartered in Baton Rouge, LA. At closing, the institution held approximately $351.5M in assets and $319.8M in deposits. The FDIC record names Hancock Bank of Louisiana as the acquiring institution in the resolution. The estimated cost to the Bank Insurance Fund (BIF) was approximately $6.2M.
By assets at closing this is the 496th largest of the 3,526 bank failures in the FDIC record, and the 62nd of 381 in 1990. 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.
Common questions
When did American Bank & Trust Company fail?
American Bank & Trust Company was closed by regulators on August 2, 1990.
Who acquired American Bank & Trust Company?
The FDIC record names Hancock Bank of Louisiana 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 $351.5M in total assets and $319.8M in deposits at the time of failure.
Other failures in 1990
| Date | Bank | Assets |
|---|---|---|
| Dec 28, 1990 | Capitol Bank and Trust Company | $485.6M |
| Dec 28, 1990 | Southern FS | $230.8M |
| Dec 28, 1990 | First FS & La of Andalusia | $38.7M |
| Dec 27, 1990 | Enterprise Savings Bank, F.A. | $432.6M |
| Dec 21, 1990 | Arkansas FSB | $71.7M |
| Dec 15, 1990 | Mid-America FS & La | $1.21B |
| Dec 14, 1990 | Community FS & La | $1.98B |
| Dec 14, 1990 | Comfed Savings Bank | $1.40B |
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