The Graveyard › Banks › 1989
Commerce and Energy Bank
Lafayette, LA · failed May 24, 1989 · FDIC certificate 23545
Commerce and Energy Bank of Lafayette, LA failed on May 24, 1989. It opened on October 1, 1981, 7 years before. At its last report before that it held $29.5 million in assets and $27.1 million in deposits. At its largest in the FDIC's quarterly reports, on June 30, 1986, it held $50.2 million. The FDIC estimates that the FDIC's insurance fund lost $6.7 million on it.
1984-031989-03
Assets at the end$29.5 millionlast report before May 24, 1989
Deposits at the end$27.1 million
Estimated loss to the fund$6.7 millionFDIC
Largest in the quarterly reports$50.2 millionJune 30, 1986
Equity to assets-6.9%March 31, 1989
Loans not being repaid6.6%noncurrent, March 31, 1989
Return on assets-29.31%a year's rate, March 31, 1989
Staff26full time, March 31, 1989
Also ended in 1989
- Gibraltar Savings, FA · Simi Valley, CA · $13.4 billion in assets
- City Savings, FSB · Somerset, NJ · $9.8 billion in assets
- MBank Dallas, National Association · Dallas, TX · $6.6 billion in assets
- Western Savings & Loan · Phoenix, AZ · $5.7 billion in assets
- Lincoln Savings & Loan · Irvine, CA · $4.9 billion in assets
- University Federal Savings · Houston, TX · $4.5 billion in assets
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.