The Graveyard › Banks › 1988
Colonial Bank
New Orleans, LA · failed January 14, 1988 · FDIC certificate 19779
Colonial Bank of New Orleans, LA failed on January 14, 1988. It opened on January 8, 1968, 20 years before. At its last report before that it held $50.2 million in assets and $50.4 million in deposits. At its largest in the FDIC's quarterly reports, on March 31, 1985, it held $59.1 million. The FDIC estimates that the FDIC's insurance fund lost $3.4 million on it.
1984-031987-09
Assets at the end$50.2 millionlast report before January 14, 1988
Deposits at the end$50.4 million
Estimated loss to the fund$3.4 millionFDIC
Largest in the quarterly reports$59.1 millionMarch 31, 1985
Equity to assets-2.7%September 30, 1987
Loans not being repaid4.5%noncurrent, September 30, 1987
Return on assets-6.16%a year's rate, September 30, 1987
Staff42full time, September 30, 1987
Also ended in 1988
- American S&LA · Stockton · $30.2 billion in assets · assisted
- First Republicbank-Dallas, N.A. · Dallas, TX · $17.1 billion in assets
- Gibraltar SA · Houston · $6.5 billion in assets · assisted
- United Savings Association of Texas · Houston · $4.6 billion in assets · assisted
- First City, Texas - Houston, NA · Houston · $4.4 billion in assets · assisted
- First Texas Savings Association · Dallas · $3.1 billion in assets · assisted
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.