Bank Failure
Bankers Trust of Louisiana, N.A.
Closed March 10, 1989 · Kenner, LA · FDIC Cert #23984.
- Closing date
- March 10, 1989
- Headquarters
- Kenner, LA
- FDIC Certificate
- 23984
- Total assets at closing
- $83.0M
- Total deposits at closing
- $88.9M
- Estimated loss to DIF
- $22.7M
- Resolution
- Failure (closed by regulators)
- Acquirer
- Investors Bank & Trust Comp
Context
On March 10, 1989, regulators closed Bankers Trust of Louisiana, N.A., headquartered in Kenner, LA. At closing, the institution held approximately $83.0M in assets and $88.9M in deposits. The FDIC arranged a resolution under which Investors Bank & Trust Comp acquired the failed bank's operations. The estimated cost to the FDIC Deposit Insurance Fund was approximately $22.7M.
By assets at closing this is the 1312th largest of the 3,526 bank failures in the FDIC record, and the 246th of 530 in 1989. 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 Bankers Trust of Louisiana, N.A. fail?
Bankers Trust of Louisiana, N.A. was closed by regulators on March 10, 1989.
Who acquired Bankers Trust of Louisiana, N.A.?
Investors Bank & Trust Comp acquired the failed bank's deposits and operations on March 10, 1989 under an FDIC-brokered resolution.
How big was Bankers Trust of Louisiana, N.A. when it failed?
Bankers Trust of Louisiana, N.A. had approximately $83.0M in total assets and $88.9M in deposits at the time of failure.
Other failures in 1989
| Date | Bank | Assets |
|---|---|---|
| Dec 21, 1989 | Columbia FSA | $77.1M |
| Dec 21, 1989 | Silver Savings Assoc. | $32.2M |
| Dec 20, 1989 | First City National Bank and Trust | $39.5M |
| Dec 20, 1989 | United Community Bank | $32.3M |
| Dec 15, 1989 | First American Bank and Trust | $1.38B |
| Dec 14, 1989 | Yorkridge-Calvert Federal Savings | $585.8M |
| Dec 14, 1989 | Louisiana Savings ASSN. | $449.3M |
| Dec 14, 1989 | First Acadiana Bank | $46.8M |
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