FIRST CITY BANK Failed 1991
What happened
FIRST CITY BANK of NEW ORLEANS, LA was closed on 1991-05-17. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to FIRST BANK AND TRUST (NEW ORLEANS, LA). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 3105
- FDIC Certificate
- 22504
- FDIC FIN
- 4356
- Bank name
- FIRST CITY BANK
- Location
- NEW ORLEANS, LA
- Failure date
- 1991-05-17
- FDIC resolution date
- 1991-05-17
- 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.)
- $10M
- Deposits at failure
- $57M
- Assets at failure
- $56M
- Acquiring bank
- FIRST BANK AND TRUST (NEW ORLEANS, LA)
Other banks FIRST BANK AND TRUST acquired in FDIC resolutions