Bank failure · LA
Metropolitan Bank & Trust Company (Baton Rouge, LA) — failed November 7, 1986
Metropolitan Bank & Trust Company of Baton Rouge, Louisiana was closed on November 7, 1986 and resolved through a purchase and assumption. Whitney Nb of New Orlean (LA) took over its insured deposits. At failure it held $70.1M in assets and $69.2M in deposits. The FDIC's estimated loss on the failure is $28.7M (40.9% of assets).
- Closing date
- November 7, 1986
- FDIC certificate #
- 24081
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Whitney Nb of New Orlean
- Insurance fund
- FDIC
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