TEXAS INDEPENDENCE BANK Failed 1986

PASADENA, TX · State commercial bank, non-Federal Reserve member (FDIC-supervised) · view on FDIC BankFind ↗

What happened

TEXAS INDEPENDENCE BANK of PASADENA, TX was closed on 1986-09-18. The FDIC was named receiver.

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

Deposits were transferred to TEXAS INDEPENDENCE BANK (PASADENA, TX). Customers became depositors of the acquiring bank automatically.

Key facts

FDIC ID
1276
FDIC Certificate
21149
FDIC FIN
2598
Bank name
TEXAS INDEPENDENCE BANK
Location
PASADENA, TX
Failure date
1986-09-18
FDIC resolution date
1986-09-18
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
$12M
Assets at failure
$12M
Acquiring bank
TEXAS INDEPENDENCE BANK (PASADENA, TX)