The Graveyard › Banks › 1988

Crescent City Bank and Trust Company

New Orleans, LA · failed December 15, 1988 · FDIC certificate 25747

Crescent City Bank and Trust Company of New Orleans, LA failed on December 15, 1988. It opened on November 13, 1984, 4 years before. At its last report before that it held $24.0 million in assets and $23.1 million in deposits. At its largest in the FDIC's quarterly reports, on September 30, 1987, it held $27.0 million. The FDIC estimates that the FDIC's insurance fund lost $6.4 million on it.

1984-121988-09

Assets at the end$24.0 millionlast report before December 15, 1988

Deposits at the end$23.1 million

Estimated loss to the fund$6.4 millionFDIC

Largest in the quarterly reports$27.0 millionSeptember 30, 1987

Equity to assets2.6%September 30, 1988

Loans not being repaid2.7%noncurrent, September 30, 1988

Return on assets-3.56%a year's rate, September 30, 1988

Staff14full time, September 30, 1988

On the FDIC's list: CRESCENT CITY 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.