Crescent City Bank and Trust Company
New Orleans, LA
$24.0M
total assets, September 30, 1988
$24.0M
total assets, September 30, 1988
Crescent City Bank and Trust Company was a state nonmember bank in New Orleans, LA. It failed on Dec 15, 1988, and Omni Bank took over its deposits. At its last report it held $24.0 million in assets.
Updated Oct 11, 2026 · numbers as of September 30, 1988
This bank failed
- Failed on
- Dec 15, 1988
- Assets
- $24.0M
- Deposits
- $23.1M
- Estimated cost
- $6.4M
- Deposits went to
- Omni Bank, New Orleans, LA
Total assets
$24.0M
-11.2% in a year · +0.2% in a quarter
Deposits
$23.1M
-6.6% in a year · +3.1% in a quarter
Loans
$15.9M
-19.4% in a year · -10.6% in a quarter
Profit so far
-$656K
Jan 1 to Sep 30, 1988
Capital ratio
2.66%
-4.88 pts in a year
Return on assets
-3.56%
-1.12 pts in a year
Facts
- Type
- State nonmember bank
- Head office
- 911 Harrison Avenue, New Orleans, LA, 70124
- County
- Orleans
- Established
- Nov 13, 1984
- Failed
- Dec 15, 1988
- Employees
- 14
- Id
- b25747
Quarter by quarter
December 31, 1984 to September 30, 1988
Assets, deposits and loans
Each quarter end, US dollars
Profit by quarter
Net income of each quarter, the last 12
Ratios
Percent. Return on assets and net interest margin are yearly rates.
Related pages
Questions and answers
How big is Crescent City Bank and Trust Company?
$24.0 million in total assets and $23.1 million in deposits as of September 30, 1988, with assets down 11.2% from a year before. Its loans were $15.9 million.
Is Crescent City Bank and Trust Company profitable?
No: it lost $656,000 from January 1 to September 30, 1988. Its return on assets was -3.56% a year; about 1% is typical.
When did Crescent City Bank and Trust Company fail?
Dec 15, 1988. Omni Bank of New Orleans, LA took over its deposits. The estimated cost of the failure was $6.39 million.
Official public data from the reports every insured bank files each quarter. Profit so far runs from January 1 to the quarter end. Branch deposits are counted once a year, as of June 30. New quarters appear about two months after the quarter ends.