FIRST STATE BANK & TRUST COMPANY Failed 1986
What happened
FIRST STATE BANK & TRUST COMPANY of EDINBURG, TX was closed on 1986-05-23. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to NBC BANK-EDINBURG (EDINBURG, TX). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 1197
- FDIC Certificate
- 16382
- FDIC FIN
- 2561
- Bank name
- FIRST STATE BANK & TRUST COMPANY
- Location
- EDINBURG, TX
- Failure date
- 1986-05-23
- FDIC resolution date
- 1986-05-23
- 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.)
- $22M
- Deposits at failure
- $137M
- Assets at failure
- $138M
- Acquiring bank
- NBC BANK-EDINBURG (EDINBURG, TX)