“Canal Commercial Trust and Savings Bank” New Orleans, Louisiana april 2008
August 13, 2009
Originally uploaded by anthonyturducken
a corner on the Algiers Point in the City of New Orleans, Louisiana
-Canal Commercial Trust and Savings Bank was formed in 1924 as a merger between Canal Bank (formed in 1831) and Citizens Bank of Louisiana (formed in 1833).
Canal Commercial Savings Bank and Trust was largely secured by sugar-cane holdings. The bank ultimately failed in 1933 and was liquidated, with its assets becoming part of The National Bank of Commerce in New Orleans – later known as First NBC.