ORLEANS BANK AND TRUST COMPANY Failed 1989
What happened
ORLEANS BANK AND TRUST COMPANY of NEW ORLEANS, LA was closed on 1989-01-12. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to MISSISSIPPI RIVER BANK (BELLE CHASS, LA). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 2071
- FDIC Certificate
- 24959
- FDIC FIN
- 2955
- Bank name
- ORLEANS BANK AND TRUST COMPANY
- Location
- NEW ORLEANS, LA
- Failure date
- 1989-01-12
- FDIC resolution date
- 1989-01-12
- 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.)
- $7M
- Deposits at failure
- $24M
- Assets at failure
- $25M
- Acquiring bank
- MISSISSIPPI RIVER BANK (BELLE CHASS, LA)