The Graveyard › Banks › 1989

Louisiana Bank & Trust Company

Shreveport, LA · failed February 16, 1989 · FDIC certificate 17537

Louisiana Bank & Trust Company of Shreveport, LA failed on February 16, 1989. It opened on January 10, 1956, 33 years before. At its last report before that it held $270.4 million in assets and $276.3 million in deposits. At its largest in the FDIC's quarterly reports, on March 31, 1986, it held $454.3 million. The FDIC estimates that the FDIC's insurance fund lost $70.5 million on it.

1984-031988-12

Assets at the end$270.4 millionlast report before February 16, 1989

Deposits at the end$276.3 million

Estimated loss to the fund$70.5 millionFDIC

Largest in the quarterly reports$454.3 millionMarch 31, 1986

Equity to assets-5.4%December 31, 1988

Loans not being repaid20.1%noncurrent, December 31, 1988

Return on assets-10.32%a year's rate, December 31, 1988

Staff209full time, December 31, 1988

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Also ended in 1989

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City Savings, FSB · Somerset, NJ · $9.8 billion in assets
MBank Dallas, National Association · Dallas, TX · $6.6 billion in assets
Western Savings & Loan · Phoenix, AZ · $5.7 billion in assets
Lincoln Savings & Loan · Irvine, CA · $4.9 billion in assets
University Federal Savings · Houston, TX · $4.5 billion in assets

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.