The Graveyard › Banks › 1991
Merchants Trust & Savings Bank
Kenner, LA · failed February 14, 1991 · FDIC certificate 16965
Merchants Trust & Savings Bank of Kenner, LA failed on February 14, 1991. It opened on December 14, 1950, 40 years before. At its last report before that it held $43.8 million in assets and $42.7 million in deposits. At its largest in the FDIC's quarterly reports, on December 31, 1985, it held $65.5 million. The FDIC estimates that the Bank Insurance Fund lost $11.2 million on it.
1984-031990-12
Assets at the end$43.8 millionlast report before February 14, 1991
Deposits at the end$42.7 million
Estimated loss to the fund$11.2 millionBIF
Largest in the quarterly reports$65.5 millionDecember 31, 1985
Equity to assets0.3%December 31, 1990
Loans not being repaid7.1%noncurrent, December 31, 1990
Return on assets-1.52%a year's rate, December 31, 1990
Staff44full time, December 31, 1990
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.