DANBURY BANK Failed 1986
What happened
DANBURY BANK of DANBURY, TX was closed on 1986-08-21. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to DANBURY STATE BANK (DANBURY, TX). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 1260
- FDIC Certificate
- 20116
- FDIC FIN
- 2593
- Bank name
- DANBURY BANK
- Location
- DANBURY, TX
- Failure date
- 1986-08-21
- FDIC resolution date
- 1986-08-21
- 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
- $10M
- Assets at failure
- $9M
- Acquiring bank
- DANBURY STATE BANK (DANBURY, TX)