THE HOME STATE BANK Failed 1986
What happened
THE HOME STATE BANK of ROCHESTER, TX was closed on 1986-06-27. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to HOME STATE BANK (ROCHESTER, TX). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 1219
- FDIC Certificate
- 15896
- FDIC FIN
- 2570
- Bank name
- THE HOME STATE BANK
- Location
- ROCHESTER, TX
- Failure date
- 1986-06-27
- FDIC resolution date
- 1986-06-27
- 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.)
- $3M
- Deposits at failure
- $9M
- Assets at failure
- $9M
- Acquiring bank
- HOME STATE BANK (ROCHESTER, TX)
Other banks HOME STATE BANK acquired in FDIC resolutions