# MERCHANTS TRUST & SAVINGS BANK

> **Failed bank** · KENNER, LA · failed 1991-02-14 · State commercial bank, non-Federal Reserve member (FDIC-supervised) · FDIC cost $11M

## What happened

MERCHANTS TRUST & SAVINGS BANK of KENNER, LA was closed by regulators on **1991-02-14**. 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:** 3018
- **FDIC Certificate:** 16965
- **FDIC FIN:** 4323
- **Bank name:** MERCHANTS TRUST & SAVINGS BANK
- **Location:** KENNER, LA
- **Failure date:** 1991-02-14
- **FDIC resolution date:** 1991-02-14
- **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:** $43M
- **Assets at failure:** $44M
- **Acquiring bank:** FIRST AMERICAN BANK AND TRU (VACHERIE, LA)

## Other banks FIRST AMERICAN BANK AND TRU has acquired in FDIC resolutions

- FIRST AMERICAN BANK AND TRUST (NORTH PALM BEACH, FL) — failed 1989-12-15 — /failed-bank/2594
- BANK OF ST. CHARLES (ST. ROSE, LA) — failed 1989-11-02 — /failed-bank/2544

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, MERCHANTS TRUST & SAVINGS BANK (FDIC ID 3018), failed 1991-02-14. Retrieved via AI Analytics 2026-07-04 from https://api.ai-analytics.org/failed-bank/3018.

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