The Graveyard › Banks › 1987
Louisiana Bank & Trust Company
Crowley, LA · failed December 10, 1987 · FDIC certificate 18298
Louisiana Bank & Trust Company of Crowley, LA failed on December 10, 1987. It opened on September 24, 1960, 27 years before. At its last report before that it held $18.5 million in assets and $21.2 million in deposits. The FDIC estimates that the FDIC's insurance fund lost $7.8 million on it.
1984-031987-09
Assets at the end$18.5 millionlast report before December 10, 1987
Deposits at the end$21.2 million
Estimated loss to the fund$7.8 millionFDIC
Equity to assets-19.7%September 30, 1987
Loans not being repaid9.6%noncurrent, September 30, 1987
Return on assets-11.59%a year's rate, September 30, 1987
Staff19full time, September 30, 1987
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.