FIRST BANK & TRUST CO. Failed 1986
What happened
FIRST BANK & TRUST CO. of BOOKER, TX was closed on 1986-12-18. The FDIC was named receiver.
Resolution: Insured Deposit Transfer — insured deposits transferred to another bank
Deposits were transferred to FIRST NB OF PERRYTON (PERRYTON, TX). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 1324
- FDIC Certificate
- 12294
- FDIC FIN
- 6782
- Bank name
- FIRST BANK & TRUST CO.
- Location
- BOOKER, TX
- Failure date
- 1986-12-18
- FDIC resolution date
- 1986-12-18
- Charter type
- State commercial bank, non-Federal Reserve member (FDIC-supervised)
- Resolution type
- Insured Deposit Transfer — insured deposits transferred to another bank
- FDIC DIF cost (est.)
- $36M
- Deposits at failure
- $85M
- Assets at failure
- $95M
- Acquiring bank
- FIRST NB OF PERRYTON (PERRYTON, TX)