The Graveyard › Banks › 1991
First City Bank
New Orleans, LA · failed May 17, 1991 · FDIC certificate 22504
First City Bank of New Orleans, LA failed on May 17, 1991. It opened on August 1, 1977, 13 years before. At its last report before that it held $56.1 million in assets and $56.5 million in deposits. At its largest in the FDIC's quarterly reports, on June 30, 1985, it held $99.7 million. The FDIC estimates that the Bank Insurance Fund lost $10.4 million on it.
1984-031991-03
Assets at the end$56.1 millionlast report before May 17, 1991
Deposits at the end$56.5 million
Estimated loss to the fund$10.4 millionBIF
Largest in the quarterly reports$99.7 millionJune 30, 1985
Equity to assets-1.7%March 31, 1991
Loans not being repaid3.4%noncurrent, March 31, 1991
Return on assets-1.14%a year's rate, March 31, 1991
Staff19full time, March 31, 1991
Also ended in 1991
- Bank of New England, National Association · Boston, MA · $13.4 billion in assets
- Southeast Bank, National Association · Miami, FL · $11.0 billion in assets
- Goldome · Buffalo, NY · $9.9 billion in assets
- Great American Fsa · San Diego, CA · $9.5 billion in assets
- The Connecticut Bank & Trust Co · Hartford, CT · $7.2 billion in assets
- Sunbelt Savings · Irving, TX · $6.0 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.