# CRESCENT CITY BANK & TRUST COMPANY

> **Failed bank** · NEW ORLEANS, LA · failed 1988-12-15 · State commercial bank, non-Federal Reserve member (FDIC-supervised) · FDIC cost $6M

## What happened

CRESCENT CITY BANK & TRUST COMPANY of NEW ORLEANS, LA was closed by regulators 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
- **Estimated FDIC DIF cost:** $6M
- **Deposits at failure:** $23M
- **Assets at failure:** $24M
- **Acquiring bank:** OMNI BANK (NEW ORLEANS, LA)

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, CRESCENT CITY BANK & TRUST COMPANY (FDIC ID 2007), failed 1988-12-15. Retrieved via AI Analytics 2026-05-16 from https://api.ai-analytics.org/failed-bank/2007.

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*[FDIC failures dataset](/datasets/fdic-failures) · CC0 1.0*