BANK OF ST. CHARLES Failed 1989
What happened
BANK OF ST. CHARLES of ST. ROSE, LA was closed on 1989-11-02. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to FIRST AMERICAN BANK AND TRU (VACHERIE, LA). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 2544
- FDIC Certificate
- 11786
- FDIC FIN
- 4113
- Bank name
- BANK OF ST. CHARLES
- Location
- ST. ROSE, LA
- Failure date
- 1989-11-02
- FDIC resolution date
- 1989-11-02
- 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.)
- $11M
- Deposits at failure
- $65M
- Assets at failure
- $65M
- Acquiring bank
- FIRST AMERICAN BANK AND TRU (VACHERIE, LA)
Other banks FIRST AMERICAN BANK AND TRU acquired in FDIC resolutions