The Graveyard › Banks › 1987

Breaux Bridge Bank & Trust Company

Breaux Bridge, LA · failed September 17, 1987 · FDIC certificate 18440

Breaux Bridge Bank & Trust Company of Breaux Bridge, LA failed on September 17, 1987. It opened on October 7, 1961, 25 years before. At its last report before that it held $22.5 million in assets and $29.8 million in deposits. At its largest in the FDIC's quarterly reports, on June 30, 1986, it held $48.2 million. The FDIC estimates that the FDIC's insurance fund lost $13.8 million on it.

1984-031987-06

Assets at the end$22.5 millionlast report before September 17, 1987

Deposits at the end$29.8 million

Estimated loss to the fund$13.8 millionFDIC

Largest in the quarterly reports$48.2 millionJune 30, 1986

Equity to assets-36.4%June 30, 1987

Loans not being repaid17.8%noncurrent, June 30, 1987

Return on assets-32.44%a year's rate, June 30, 1987

Staff29full time, June 30, 1987

Could you have seen it coming? Play Black Monday

Also ended in 1987

Lyons Federal Trust & Savings · Countryside · $2.3 billion in assets · assisted
Freedom S&LA · Tampa, FL · $1.9 billion in assets
Vernon S&LA · Vernon, TX · $1.3 billion in assets
Syracuse Savings Bank · Syracuse · $1.2 billion in assets · assisted
Independent American SA · Irving, TX · $1.0 billion in assets
First Financial Bank, FSB · New Orleans · $744.9 million in assets · assisted

History, not advice.

Source: Federal Deposit Insurance Corporation, BankFind Suite API. Source values and institutional identifiers are retained; formatting and normalization by Underfolio. No FDIC endorsement is implied. How these numbers are made · Report a data issue.