The Graveyard › Banks › 1988

Commercial Bank and Trust Company

Metairie, LA · failed October 20, 1988 · FDIC certificate 20941

Commercial Bank and Trust Company of Metairie, LA failed on October 20, 1988. It opened on March 1, 1973, 15 years before. At its last report before that it held $58.8 million in assets and $56.4 million in deposits. At its largest in the FDIC's quarterly reports, on March 31, 1986, it held $72.7 million. The FDIC estimates that the FDIC's insurance fund lost $13.2 million on it.

1984-031988-06

Assets at the end$58.8 millionlast report before October 20, 1988

Deposits at the end$56.4 million

Estimated loss to the fund$13.2 millionFDIC

Largest in the quarterly reports$72.7 millionMarch 31, 1986

Equity to assets1.2%June 30, 1988

Loans not being repaid23.8%noncurrent, June 30, 1988

Return on assets-4.06%a year's rate, June 30, 1988

Staff48full time, June 30, 1988

On the FDIC's list: COMMERCIAL BANK & TRUST COMPANY.

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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.