CAPITAL BANK & TRUST CO. Failed 1987
What happened
CAPITAL BANK & TRUST CO. of BATON ROUGE, LA was closed on 1987-10-30. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to SUNBURST BANK (BATON ROUGE, LA). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 1547
- FDIC Certificate
- 17442
- FDIC FIN
- 2744
- Bank name
- CAPITAL BANK & TRUST CO.
- Location
- BATON ROUGE, LA
- Failure date
- 1987-10-30
- FDIC resolution date
- 1988-05-24
- 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.)
- $56M
- Deposits at failure
- $343M
- Assets at failure
- $384M
- Acquiring bank
- SUNBURST BANK (BATON ROUGE, LA)