# ORLEANS BANK AND TRUST COMPANY

> **Failed bank** · NEW ORLEANS, LA · failed 1989-01-12 · State commercial bank, non-Federal Reserve member (FDIC-supervised) · FDIC cost $7M

## What happened

ORLEANS BANK AND TRUST COMPANY of NEW ORLEANS, LA was closed by regulators 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
- **Estimated FDIC DIF cost:** $7M
- **Deposits at failure:** $24M
- **Assets at failure:** $25M
- **Acquiring bank:** MISSISSIPPI RIVER BANK (BELLE CHASS, LA)

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, ORLEANS BANK AND TRUST COMPANY (FDIC ID 2071), failed 1989-01-12. Retrieved via AI Analytics 2026-05-17 from https://api.ai-analytics.org/failed-bank/2071.

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