PANHANDLE BANK & TRUST COMPANY Failed 1986
What happened
PANHANDLE BANK & TRUST COMPANY of BORGER, TX was closed on 1986-12-04. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to AMARILLO NATIONAL BANK (AMARILLO, TX). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 1316
- FDIC Certificate
- 15371
- FDIC FIN
- 2622
- Bank name
- PANHANDLE BANK & TRUST COMPANY
- Location
- BORGER, TX
- Failure date
- 1986-12-04
- FDIC resolution date
- 1986-12-04
- 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.)
- $18M
- Deposits at failure
- $100M
- Assets at failure
- $112M
- Acquiring bank
- AMARILLO NATIONAL BANK (AMARILLO, TX)
Other banks AMARILLO NATIONAL BANK acquired in FDIC resolutions