Merchants Trust & Savings Bank
Kenner, LA · Owner: Merchants Bancshares Inc
$43.8M
total assets, December 31, 1990
$43.8M
total assets, December 31, 1990
Merchants Trust & Savings Bank was a state nonmember bank in Kenner, LA, owned by Merchants Bancshares Inc. It failed on Feb 14, 1991, and First American Bank And Tru took over its deposits. At its last report it held $43.8 million in assets.
Updated Oct 11, 2026 · numbers as of December 31, 1990
This bank failed
- Failed on
- Feb 14, 1991
- Assets
- $43.8M
- Deposits
- $42.7M
- Estimated cost
- $11.2M
- Deposits went to
- First American Bank And Tru, Vacherie, LA
Total assets
$43.8M
-6.6% in a year · +2.4% in a quarter
Deposits
$42.7M
-5.6% in a year · +2.7% in a quarter
Loans
$25.8M
-11.4% in a year · -2.5% in a quarter
Profit so far
-$674K
Jan 1 to Dec 31, 1990 · -1785.0% in a year
Capital ratio
0.29%
-1.45 pts in a year
Return on assets
-1.52%
-1.60 pts in a year
Facts
- Type
- State nonmember bank
- Head office
- 3145 Williams Boulevard, Kenner, LA, 70062
- County
- Jefferson
- Holding company
- Merchants Bancshares Inc
- Established
- Dec 14, 1950
- Failed
- Feb 14, 1991
- Employees
- 44
- Id
- b16965
Quarter by quarter
March 31, 1984 to December 31, 1990
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 Merchants Trust & Savings Bank?
$43.8 million in total assets and $42.7 million in deposits as of December 31, 1990, with assets down 6.6% from a year before. Its loans were $25.8 million.
Is Merchants Trust & Savings Bank profitable?
No: it lost $674,000 from January 1 to December 31, 1990. Its return on assets was -1.52% a year; about 1% is typical.
Who owns Merchants Trust & Savings Bank?
Merchants Trust & Savings Bank is owned by Merchants Bancshares Inc, its holding company.
When did Merchants Trust & Savings Bank fail?
Feb 14, 1991. First American Bank And Tru of Vacherie, LA took over its deposits. The estimated cost of the failure was $11.2 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.