WESTERN STATE BANK Failed 1985
What happened
WESTERN STATE BANK of DENTON, TX was closed on 1985-09-27. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to TEXAS BANK OF DENTON (DENTON, TX). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 1073
- FDIC Certificate
- 18760
- FDIC FIN
- 2499
- Bank name
- WESTERN STATE BANK
- Location
- DENTON, TX
- Failure date
- 1985-09-27
- FDIC resolution date
- 1985-09-27
- Charter type
- State commercial bank, non-Federal Reserve member (FDIC-supervised)
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $8M
- Deposits at failure
- $24M
- Assets at failure
- $28M
- Acquiring bank
- TEXAS BANK OF DENTON (DENTON, TX)