# COMMERCIAL BANK & TRUST COMPANY

> **Failed bank** · METAIRIE, LA · failed 1988-10-20 · State commercial bank, non-Federal Reserve member (FDIC-supervised) · FDIC cost $13M

## What happened

COMMERCIAL BANK & TRUST COMPANY of METAIRIE, LA was closed by regulators on **1988-10-20**. The FDIC was named receiver.

**Resolution:** Purchase & Assumption — acquiring bank assumed deposits + bought assets

Deposits were transferred to **PONTCHARTRAIN STATE BANK** (METAIRIE, LA). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 1965
- **FDIC Certificate:** 20941
- **FDIC FIN:** 2927
- **Bank name:** COMMERCIAL BANK & TRUST COMPANY
- **Location:** METAIRIE, LA
- **Failure date:** 1988-10-20
- **FDIC resolution date:** 1988-10-20
- **Charter type:** State commercial bank, non-Federal Reserve member (FDIC-supervised)
- **Resolution type:** Purchase & Assumption — acquiring bank assumed deposits + bought assets
- **Estimated FDIC DIF cost:** $13M
- **Deposits at failure:** $56M
- **Assets at failure:** $59M
- **Acquiring bank:** PONTCHARTRAIN STATE BANK (METAIRIE, LA)

## Other banks PONTCHARTRAIN STATE BANK has acquired in FDIC resolutions

- LOUISIANA COMMERCIAL BANK (MADISONVILLE, LA) — failed 1988-01-21 — /failed-bank/1609
- COLONIAL BANK (NEW ORLEANS, LA) — failed 1988-01-14 — /failed-bank/1600

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=COMMERCIAL%20BANK%20%26%20TRUST%20COMPANY

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, COMMERCIAL BANK & TRUST COMPANY (FDIC ID 1965), failed 1988-10-20. Retrieved via AI Analytics 2026-05-17 from https://api.ai-analytics.org/failed-bank/1965.

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