# TEXAS BANK & TRUST COMPANY

> **Failed bank** · LUBBOCK, TX · failed 1986-09-19 · State commercial bank, non-Federal Reserve member (FDIC-supervised) · FDIC cost $12M

## What happened

TEXAS BANK & TRUST COMPANY of LUBBOCK, TX was closed by regulators on **1986-09-19**. The FDIC was named receiver.

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

Deposits were transferred to **REPUBLICBANK LUBBOCK NA** (LUBBOCK, TX). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 1277
- **FDIC Certificate:** 21038
- **FDIC FIN:** 2599
- **Bank name:** TEXAS BANK & TRUST COMPANY
- **Location:** LUBBOCK, TX
- **Failure date:** 1986-09-19
- **FDIC resolution date:** 1986-09-19
- **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:** $12M
- **Deposits at failure:** $36M
- **Assets at failure:** $39M
- **Acquiring bank:** REPUBLICBANK LUBBOCK NA (LUBBOCK, TX)

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=TEXAS%20BANK%20%26%20TRUST%20COMPANY

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, TEXAS BANK & TRUST COMPANY (FDIC ID 1277), failed 1986-09-19. Retrieved via AI Analytics 2026-05-17 from https://api.ai-analytics.org/failed-bank/1277.

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