Bank Failure
Delta Security Bank and Trust Company
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Closed January 19, 1973 · Ferriday, LA · FDIC Cert #18535.
- Closing date
- January 19, 1973
- Headquarters
- Ferriday, LA
- FDIC Certificate
- 18535
- Total assets at closing
- $9.8M
- Total deposits at closing
- $8.1M
- Estimated loss to the insurance fund
- Not published (the FDIC feed carries no estimate for this failure)
- Insurance fund
- FDIC insurance fund
- Resolution
- Failure (closed by regulators)
Context
On January 19, 1973, regulators closed Delta Security Bank and Trust Company, headquartered in Ferriday, LA. At closing, the institution held approximately $9.8M in assets and $8.1M in deposits. The FDIC record does not name an acquiring institution.
By assets at closing this is the 2777th largest of the 3,526 bank failures in the FDIC record, and the 3rd of 6 in 1973. It falls in the period the record labels Postwar Stability (1945-1979), a period with 161 failures peaking at 16 in 1976.
Three decades of regulated calm — Reg Q ceilings, geographic branching limits, and high industry profits kept failures rare.
Source: FDIC Failed Banks list. Asset and deposit values reflect the most recent regulatory filing prior to closing.
Common questions
When did Delta Security Bank and Trust Company fail?
Delta Security Bank and Trust Company was closed by regulators on January 19, 1973.
How big was Delta Security Bank and Trust Company when it failed?
Delta Security Bank and Trust Company had approximately $9.8M in total assets and $8.1M in deposits at the time of failure.
Other failures in 1973
| Date | Bank | Assets |
|---|---|---|
| Oct 18, 1973 | United States National Bank | $1.27B |
| Oct 5, 1973 | First National Bank of Eldora | $8.1M |
| Jul 16, 1973 | The First State Bank | $16.2M |
| May 7, 1973 | Elm Creek State Bank | $3.2M |
| Mar 26, 1973 | Skyline National Bank | $6.5M |
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