Data / Bank failures / 1988 / The Jefferson Guaranty Bank
The Jefferson Guaranty Bank, Metairie, LA: received FDIC assistance January 13, 1988
The Jefferson Guaranty Bank in Metairie, Louisiana, received open bank assistance from the FDIC on January 13, 1988. It held $292.4 million in assets and $274.4 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $57.5 million (19.7% of its assets). By assets it was the 72nd largest of 470 banks closed or assisted in 1988.
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The FDIC's record
- Closed
- January 13, 1988
- Type
- Open bank assistance
- How it was resolved
- Open bank assistance: the FDIC assisted the bank without closing it
- Acquirer
- The Jefferson Guaranty Bank, Metairie, LA
- Total assets
- $292,381,000
- Total deposits
- $274,423,000
- Estimated cost to the FDIC
- $57,524,700 (estimate as of July 31, 2026)
- Charter
- State nonmember bank (FDIC)
- Insurance fund
- FDIC
- FDIC certificate
- 19546
Other bank failures in Louisiana, 1986 to 1990
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| Southern FS | New Orleans | December 28, 1990 | $230.8 million | $230 million | $7 million | |
| Bank of Commerce | Alexandria | December 13, 1990 | $19.7 million | $19.9 million | $4.1 million | The Evangeline Bank and Tru |
| Louisiana Federal Savings Bank | Kenner | November 9, 1990 | $58.8 million | $50.5 million | $9.5 million | |
| Desoto FS & La | Mansfield | November 2, 1990 | $63.9 million | $63.1 million | $8.5 million | |
| The Peoples Bank & Trust Company | Natchitoches | October 5, 1990 | $117.1 million | $115.8 million | $12.6 million | Heritage Bank of Natchitoch |
| First Fsa | Winnfield | August 31, 1990 | $54.7 million | $51.1 million | $6.3 million | |
| American Bank & Trust Company | Baton Rouge | August 2, 1990 | $351.5 million | $319.8 million | $6.2 million | Hancock Bank of Louisiana |
| United FS & La | Vidalia | July 20, 1990 | $18.9 million | $18.9 million | $193 | Concordia B&TC |
All bank failures in 1988 · All bank failures in Louisiana · 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.