METROPOLITAN BANK & TRUST COMPANY Failed 1986
What happened
METROPOLITAN BANK & TRUST COMPANY of BATON ROUGE, LA was closed on 1986-11-07. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to WHITNEY NB OF NEW ORLEAN (NEW ORLEANS, LA). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 1304
- FDIC Certificate
- 24081
- FDIC FIN
- 2613
- Bank name
- METROPOLITAN BANK & TRUST COMPANY
- Location
- BATON ROUGE, LA
- Failure date
- 1986-11-07
- FDIC resolution date
- 1986-11-07
- Charter type
- State commercial bank, non-Federal Reserve member (FDIC-supervised)
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $29M
- Deposits at failure
- $69M
- Assets at failure
- $70M
- Acquiring bank
- WHITNEY NB OF NEW ORLEAN (NEW ORLEANS, LA)
Other banks WHITNEY NB OF NEW ORLEAN acquired in FDIC resolutions