First Eastern Bank & Trust Company, New Orleans, Lousisiana
New Orleans, LA
$29.4M
total assets, March 31, 1989
$29.4M
total assets, March 31, 1989
First Eastern Bank & Trust Company, New Orleans, Lousisiana was a state nonmember bank in New Orleans, LA. It failed on May 24, 1989, and Peoples Bank & Trust Compan took over its deposits. At its last report it held $29.4 million in assets.
Updated Oct 11, 2026 · numbers as of March 31, 1989
This bank failed
- Failed on
- May 24, 1989
- Assets
- $29.4M
- Deposits
- $29.2M
- Estimated cost
- $7.7M
- Deposits went to
- Peoples Bank & Trust Compan, Chalmette, LA
Total assets
$29.4M
+9.0% in a year · -3.8% in a quarter
Deposits
$29.2M
+14.5% in a year · -3.2% in a quarter
Loans
$21.7M
+19.4% in a year · +4.1% in a quarter
Profit so far
-$183K
Jan 1 to Mar 31, 1989
Capital ratio
-0.33%
-4.84 pts in a year
Return on assets
-2.44%
+1.39 pts in a year
Facts
- Type
- State nonmember bank
- Head office
- 5550 Crowder Boulevard, New Orleans, LA, 70127
- County
- Orleans
- Established
- Aug 1, 1983
- Failed
- May 24, 1989
- Employees
- 18
- Id
- b24595
Quarter by quarter
March 31, 1984 to March 31, 1989
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 First Eastern Bank & Trust Company, New Orleans, Lousisiana?
$29.4 million in total assets and $29.2 million in deposits as of March 31, 1989, with assets up 9.0% from a year before. Its loans were $21.7 million.
Is First Eastern Bank & Trust Company, New Orleans, Lousisiana profitable?
No: it lost $183,000 from January 1 to March 31, 1989. Its return on assets was -2.44% a year; about 1% is typical.
When did First Eastern Bank & Trust Company, New Orleans, Lousisiana fail?
May 24, 1989. Peoples Bank & Trust Compan of Chalmette, LA took over its deposits. The estimated cost of the failure was $7.68 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.