Bank Failure
BREAUX BRIDGE BANK & TRUST COMPANY
Closed September 17, 1987 · BREAUX BRIDGE, LA · FDIC Cert #18440.
- Closing date
- September 17, 1987
- Headquarters
- BREAUX BRIDGE, LA
- FDIC Certificate
- 18440
- Total assets at closing
- $22,475,000
- Total deposits at closing
- $29,821,000
- Estimated loss to DIF
- $13,847,000
- Resolution type
- other
- Acquirer
- MIDSOUTH NATIONAL BANK (FDIC Cert #2727)
Context
On September 17, 1987, regulators closed BREAUX BRIDGE BANK & TRUST COMPANY, headquartered in BREAUX BRIDGE, LA. At closing, the institution held approximately $22,475,000 in assets and $29,821,000 in deposits. The FDIC arranged a resolution under which MIDSOUTH NATIONAL BANK acquired the failed bank's operations. The estimated cost to the FDIC Deposit Insurance Fund was approximately $13,847,000.
Source: FDIC Failed Banks list. Asset and deposit values reflect the most recent regulatory filing prior to closing.
Other failures in 1987
| Date | Bank | HQ | Assets |
|---|---|---|---|
| 1987-12-31 | FIRST FINANCIAL BANK, FSB | NEW ORLEANS, LA | $744,874,000 |
| 1987-12-31 | AMERICAN FS&LA | LYNCHBURG, VA | $166,519,000 |
| 1987-12-31 | GIBSON FEDERAL S&LA | GIBSON CITY, IL | $131,522,000 |
| 1987-12-31 | FIRST FS&LA OF SLIDELL | SLIDELL, LA | $46,197,000 |
| 1987-12-30 | FIRST FINANCIAL OF LA | LUTCHER, LA | $159,541,000 |
| 1987-12-30 | FIRST FS&LA OF ALEXANDRIA | ALEXANDRIA, LA | $148,689,000 |
| 1987-12-30 | FIRSTBANC FSB | GONZALES, LA | $46,262,000 |
| 1987-12-29 | COMMUNITY FS&LA | HAMILTON, OH | $405,642,000 |
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