The Graveyard › Banks › 1989

Orleans Bank and Trust Company

New Orleans, LA · failed January 12, 1989 · FDIC certificate 24959

Orleans Bank and Trust Company of New Orleans, LA failed on January 12, 1989. It opened on February 14, 1984, 4 years before. At its last report before that it held $24.9 million in assets and $24.5 million in deposits. At its largest in the FDIC's quarterly reports, on December 31, 1986, it held $34.7 million. The FDIC estimates that the FDIC's insurance fund lost $6.5 million on it.

1984-031988-09

Assets at the end$24.9 millionlast report before January 12, 1989

Deposits at the end$24.5 million

Estimated loss to the fund$6.5 millionFDIC

Largest in the quarterly reports$34.7 millionDecember 31, 1986

Equity to assets0.7%September 30, 1988

Loans not being repaid10.7%noncurrent, September 30, 1988

Return on assets-1.59%a year's rate, September 30, 1988

Staff13full time, September 30, 1988

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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.