# CHESTER STATE BANK

> **Failed bank** · CHESTER, TX · failed 1985-11-22 · State commercial bank, non-Federal Reserve member (FDIC-supervised) · FDIC cost $2M

## What happened

CHESTER STATE BANK of CHESTER, TX was closed by regulators on **1985-11-22**. The FDIC was named receiver.

**Resolution:** Purchase & Assumption — acquiring bank assumed deposits + bought assets

Deposits were transferred to **BANK OF EAST TEXAS** (CHESTER, TX). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 1102
- **FDIC Certificate:** 11931
- **FDIC FIN:** 2517
- **Bank name:** CHESTER STATE BANK
- **Location:** CHESTER, TX
- **Failure date:** 1985-11-22
- **FDIC resolution date:** 1985-11-22
- **Charter type:** State commercial bank, non-Federal Reserve member (FDIC-supervised)
- **Resolution type:** Purchase & Assumption — acquiring bank assumed deposits + bought assets
- **Estimated FDIC DIF cost:** $2M
- **Deposits at failure:** $11M
- **Assets at failure:** $12M
- **Acquiring bank:** BANK OF EAST TEXAS (CHESTER, TX)

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=CHESTER%20STATE%20BANK

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, CHESTER STATE BANK (FDIC ID 1102), failed 1985-11-22. Retrieved via AI Analytics 2026-05-16 from https://api.ai-analytics.org/failed-bank/1102.

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