Bank failure · LA

Pontchartrain State Bank (Metairie, LA) — failed July 19, 1991

Pontchartrain State Bank of Metairie, Louisiana was closed on July 19, 1991 and resolved through a purchase and assumption. First National Bank of Comm (LA) took over its insured deposits. At failure it held $140.0M in assets and $142.1M in deposits. The FDIC's estimated loss on the failure is $29.4M (21.0% of assets).