CRESCENT CITY BANK & TRUST COMPANY Failed 1988
What happened
CRESCENT CITY BANK & TRUST COMPANY of NEW ORLEANS, LA was closed on 1988-12-15. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to OMNI BANK (NEW ORLEANS, LA). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 2007
- FDIC Certificate
- 25747
- FDIC FIN
- 2942
- Bank name
- CRESCENT CITY BANK & TRUST COMPANY
- Location
- NEW ORLEANS, LA
- Failure date
- 1988-12-15
- FDIC resolution date
- 1988-12-15
- 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.)
- $6M
- Deposits at failure
- $23M
- Assets at failure
- $24M
- Acquiring bank
- OMNI BANK (NEW ORLEANS, LA)