Bank Failure
VERMILION FSB
Closed May 10, 1991 · ABBEVILLE , LA · FDIC Cert #31552 .
- Closing date
- May 10, 1991
- Headquarters
- ABBEVILLE , LA
- FDIC Certificate
- 31552
- Total assets at closing
- $17.8M
- Total deposits at closing
- $17.6M
- Estimated loss to DIF
- $323K
- Resolution type
- other
- Acquirer
- FIRST ACADIANA NB (FDIC Cert #2145)
Context
On May 10, 1991, regulators closed VERMILION FSB , headquartered in ABBEVILLE , LA . At closing, the institution held approximately $17.8M in assets and $17.6M in deposits . The FDIC arranged a resolution under which FIRST ACADIANA NB acquired the failed bank's operations. The estimated cost to the FDIC Deposit Insurance Fund was approximately $323K.
Source: FDIC Failed Banks list. Asset and deposit values reflect the most recent regulatory filing prior to closing.
Other failures in 1991
| Date | Bank | HQ | Assets |
|---|---|---|---|
| 1991-12-20 | NORTH RIDGE BANK | OAKLAND PARK , FL | $94.3M |
| 1991-12-13 | INVESTORS FSB | RICHMOND , VA | $2.06B |
| 1991-12-13 | THE BANK MART | BRIDGEPORT , CT | $578.2M |
| 1991-12-13 | MERCHANTS NATIONAL BANK | LEOMINSTER , MA | $153.6M |
| 1991-12-13 | BANK OF EAST HARTFORD | EAST HARTFORD , CT | $36.6M |
| 1991-12-13 | FEDERAL FINANCE & MORTGAGE, LTD | HONOLULU , HI | $7.7M |
| 1991-12-12 | GRANITE CO-OPERATIVE BANK | QUINCY , MA | $103.8M |
| 1991-12-06 | SAYBROOK BANK AND TRUST COMPANY | OLD SAYBROOK , CT | $77.3M |
Explore: all failures · LA bank events · 1991 events · events hub