THE EARLY BANK Failed 1985
What happened
THE EARLY BANK of EARLY, TX was closed on 1985-10-18. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to TEXAS BANK (BROWNWOOD, TX). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 1088
- FDIC Certificate
- 23024
- FDIC FIN
- 2507
- Bank name
- THE EARLY BANK
- Location
- EARLY, TX
- Failure date
- 1985-10-18
- FDIC resolution date
- 1985-10-18
- 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.)
- $3M
- Deposits at failure
- $15M
- Assets at failure
- $16M
- Acquiring bank
- TEXAS BANK (BROWNWOOD, TX)
Other banks TEXAS BANK acquired in FDIC resolutions