Data / Bank failures / 1987 / Hub City Bank & Trust Company
Hub City Bank & Trust Company, Lafayette, LA: failed February 20, 1987
Hub City Bank & Trust Company in Lafayette, Louisiana, failed on February 20, 1987. Hibernia National Bank of New Orleans, LA, took over its deposits. It held $38 million in assets and $38.2 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $12.9 million (33.9% of its assets). By assets it was the 102nd largest of 262 banks closed or assisted in 1987.
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The FDIC's record
- Closed
- February 20, 1987
- Type
- Failure
- How it was resolved
- Purchase and assumption: another bank took over the deposits
- Acquirer
- Hibernia National Bank, New Orleans, LA
- Total assets
- $37,978,000
- Total deposits
- $38,209,000
- Estimated cost to the FDIC
- $12,864,200 (estimate as of July 31, 2026)
- Charter
- State nonmember bank (FDIC)
- Insurance fund
- FDIC
- FDIC certificate
- 19257
Other bank failures in Louisiana, 1985 to 1989
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| Red River S & L Assoc. | Coushatta | December 14, 1989 | $10.4 million | $7.7 million | $3.3 million | Peoples State Bank |
| Louisiana Savings Assn. | Lake Charles | December 14, 1989 | $449.3 million | $398.8 million | $114.1 million | |
| First Acadiana Bank | Eunice | December 14, 1989 | $46.8 million | $44.6 million | $6 million | American Security Bank of V |
| First Bank, Pineville, Louisiana | Pineville | December 8, 1989 | $72.3 million | $69.3 million | $39.5 million | Rapides Bank & Trust Compan |
| Security National Bank of Shreveport | Shreveport | November 17, 1989 | $19.4 million | $20.2 million | $7.2 million | |
| First Louisiana Federal Savings | Lafayette | November 2, 1989 | $161.9 million | $105.8 million | $42.9 million | ST. Landry B&T Co. |
| Bank of ST. Charles | ST. Rose | November 2, 1989 | $65.2 million | $65.2 million | $11.1 million | First American Bank and Tru |
| Western National Bank of Louisiana | Kaplan | October 26, 1989 | $11.8 million | $11.9 million | $1.5 million | Kaplan State Bank |
Other failed banks Hibernia National Bank took over
| Bank | City | State | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|---|
| Livingston Bank | Denham Springs | LA | March 16, 1989 | $106.3 million | $104.3 million | $16.5 million | Hibernia National Bank |
| Louisiana Bank & Trust Company | Shreveport | LA | February 16, 1989 | $270.4 million | $276.3 million | $70.5 million | Hibernia National Bank |
| The National Bank of Bossier City | Bossier City | LA | January 12, 1989 | $73.3 million | $76.4 million | $31.3 million | Hibernia National Bank |
| First National Bank | Covington | LA | November 18, 1988 | $262.2 million | $297.9 million | $124.3 million | Hibernia National Bank |
| National Fidelity Bank of Shreveport | Shreveport | LA | July 28, 1988 | $10.5 million | $10.6 million | $2.9 million | Hibernia National Bank |
| United Mercantile Bank | Shreveport | LA | January 21, 1988 | $86.3 million | $78.2 million | $26.4 million | Hibernia National Bank |
All bank failures in 1987 · All bank failures in Louisiana · Every failed bank Hibernia National Bank took over · The full failed bank list
Read from the FDIC's failures data (BankFind), last updated 2026-10-23. Assets and deposits are as of the last report before failure; the estimated cost is the FDIC's latest estimate of the loss to its insurance fund and changes as the receivership winds down. Free to reuse with credit to SpecStream under CC BY 4.0.