Bank Failure
Avoyelles Trust & Savings Bank
BankRegReports is independent of Avoyelles Trust & Savings Bank and never asks for online banking logins or passwords.
Closed November 10, 1988 · Bunkie, LA · FDIC Cert #11783.
- Closing date
- November 10, 1988
- Headquarters
- Bunkie, LA
- FDIC Certificate
- 11783
- Total assets at closing
- $27.1M
- Total deposits at closing
- $30.2M
- Estimated loss to the insurance fund
- $8.8M
- Insurance fund
- FDIC insurance fund
- Resolution
- Failure (closed by regulators)
- Acquirer
- Bunkie Bank&trust Co
Context
On November 10, 1988, regulators closed Avoyelles Trust & Savings Bank, headquartered in Bunkie, LA. At closing, the institution held approximately $27.1M in assets and $30.2M in deposits. The FDIC record names Bunkie Bank&trust Co as the acquiring institution in the resolution. The estimated cost to the FDIC insurance fund was approximately $8.8M.
By assets at closing this is the 2114th largest of the 3,526 bank failures in the FDIC record, and the 127th of 232 in 1988. 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 Avoyelles Trust & Savings Bank fail?
Avoyelles Trust & Savings Bank was closed by regulators on November 10, 1988.
Who acquired Avoyelles Trust & Savings Bank?
The FDIC record names Bunkie Bank&trust Co as the acquiring institution in the resolution of Avoyelles Trust & Savings Bank.
How big was Avoyelles Trust & Savings Bank when it failed?
Avoyelles Trust & Savings Bank had approximately $27.1M in total assets and $30.2M in deposits at the time of failure.
Other failures in 1988
| Date | Bank | Assets |
|---|---|---|
| Dec 16, 1988 | First Industrial Bank of Rocky Ford | $12.5M |
| Dec 16, 1988 | First Southwest Bank | $9.8M |
| Dec 15, 1988 | Texas National Bank | $37.7M |
| Dec 15, 1988 | First National Bank in Center | $26.1M |
| Dec 15, 1988 | Crescent City Bank & Trust Company | $24.0M |
| Dec 15, 1988 | Texas Bank of Plano | $15.1M |
| Dec 15, 1988 | First National Bank in Bogata | $13.2M |
| Dec 9, 1988 | Silverado S&LA | $2.32B |
Explore: all failures · LA bank events · 1988 events · events hub