Data / Bank failures / 1985 / Sun Belt Federal Bank, FSB
Sun Belt Federal Bank, FSB, Lake Providence, LA: failed June 25, 1985
Sun Belt Federal Bank, FSB in Lake Providence, Louisiana, failed on June 25, 1985. Horizon FS&LA of Baton Rouge, LA, took over its deposits. It held $278.3 million in assets and $269.1 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $156.2 million (56.1% of its assets). By assets it was the 25th largest of 180 banks closed or assisted in 1985.
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The FDIC's record
- Closed
- June 25, 1985
- Type
- Failure
- Acquirer
- Horizon FS&LA, Baton Rouge, LA
- Total assets
- $278,335,000
- Total deposits
- $269,111,000
- Estimated cost to the FDIC
- $156,154,400 (estimate as of July 31, 2026)
- Charter
- Savings bank
- Insurance fund
- FSLIC
- FDIC certificate
- 28913
Other bank failures in Louisiana, 1983 to 1987
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| First FS&LA of Slidell (assistance) | Slidell | December 31, 1987 | $46.2 million | $48.8 million | $13.2 million | Alabama FS&LA |
| First Financial Bank, FSB (assistance) | New Orleans | December 31, 1987 | $744.9 million | $573.5 million | $51.5 million | Alabama FS&LA |
| Firstbanc FSB (assistance) | Gonzales | December 30, 1987 | $46.3 million | $47.1 million | $33.1 million | Pelican HOMESTEAD&SVG Assn |
| First FS&LA of Alexandria (assistance) | Alexandria | December 30, 1987 | $148.7 million | $149.4 million | $48.9 million | Pelican HOMESTEAD&SVG Assn |
| First Financial of La (assistance) | Lutcher | December 30, 1987 | $159.5 million | $151.5 million | $105.7 million | Pelican HOMESTEAD&SVG Assn |
| American Bank of Commerce | Lake Charles | December 17, 1987 | $35.5 million | $36.2 million | $4.3 million | National BK Com Lake Cha |
| American Bank in Louisiana | Morgan City | December 10, 1987 | $15 million | $14.6 million | $4 million | ST Mary BANK&TRUST Co |
| Louisiana Bank & Trust Company | Crowley | December 10, 1987 | $18.5 million | $21.2 million | $7.8 million | Evangeline BANK&TRUST Co |
Other failed banks Horizon FS&LA took over
| Bank | City | State | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|---|
| Crescent Savings Bank | New Orleans | LA | June 25, 1985 | $89.1 million | $84 million | $53.7 million | Horizon FS&LA |
| Northlake S&LA | Covington | LA | June 25, 1985 | $141.4 million | $148.1 million | $89.3 million | Horizon FS&LA |
| Community FS&LA | Baton Rouge | LA | June 25, 1985 | $47.9 million | $46.8 million | $29.7 million | Horizon FS&LA |
| Audubon S&LA | New Orleans | LA | June 25, 1985 | $211.3 million | $222.1 million | $166.2 million | Horizon FS&LA |
| New Orleans S&LA | New Orleans | LA | June 25, 1985 | $118.1 million | $105.3 million | $73.5 million | Horizon FS&LA |
All bank failures in 1985 · All bank failures in Louisiana · Every failed bank Horizon FS&LA 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.