Data / Bank failures / 1987 / Liberty Bank & Trust Company
Liberty Bank & Trust Company, Greenwood, LA: failed June 26, 1987
Liberty Bank & Trust Company in Greenwood, Louisiana, failed on June 26, 1987. Peoples State Bank of Many, LA, took over its deposits. It held $12.6 million in assets and $12.2 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $5.2 million (41.3% of its assets). By assets it was the 195th largest of 262 banks closed or assisted in 1987.
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The FDIC's record
- Closed
- June 26, 1987
- Type
- Failure
- How it was resolved
- Purchase and assumption: another bank took over the deposits
- Acquirer
- Peoples State Bank, Many, LA
- Total assets
- $12,588,000
- Total deposits
- $12,236,000
- Estimated cost to the FDIC
- $5,196,674 (estimate as of July 31, 2026)
- Charter
- State nonmember bank (FDIC)
- Insurance fund
- FDIC
- FDIC certificate
- 23131
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 Peoples State Bank took over
| Bank | City | State | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|---|
| Freedom Bank (assistance) | Ranger | TX | October 16, 1992 | $20.9 million | $20.3 million | $3,266 | Peoples State Bank |
| Red River S & L Assoc. | Coushatta | LA | December 14, 1989 | $10.4 million | $7.7 million | $3.3 million | Peoples State Bank |
| The Moran National Bank | Moran | TX | January 14, 1988 | $17.2 million | $17.5 million | $8.6 million | Peoples State Bank |
| Pelican State Bank | Mansfield | LA | June 24, 1987 | $7.2 million | $7 million | $3.4 million | Peoples State Bank |
All bank failures in 1987 · All bank failures in Louisiana · Every failed bank Peoples State 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.