# BANK OF ST. CHARLES

> **Failed bank** · ST. ROSE, LA · failed 1989-11-02 · State commercial bank, non-Federal Reserve member (FDIC-supervised) · FDIC cost $11M

## What happened

BANK OF ST. CHARLES of ST. ROSE, LA was closed by regulators 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
- **Estimated FDIC DIF cost:** $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 has acquired in FDIC resolutions

- MERCHANTS TRUST & SAVINGS BANK (KENNER, LA) — failed 1991-02-14 — /failed-bank/3018
- FIRST AMERICAN BANK AND TRUST (NORTH PALM BEACH, FL) — failed 1989-12-15 — /failed-bank/2594

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=BANK%20OF%20ST.%20CHARLES

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, BANK OF ST. CHARLES (FDIC ID 2544), failed 1989-11-02. Retrieved via AI Analytics 2026-05-20 from https://api.ai-analytics.org/failed-bank/2544.

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