BOWIE NATIONAL BANK Failed 1987

What happened

BOWIE NATIONAL BANK of BOWIE, TX was closed on 1987-01-08. The FDIC was named receiver.

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

Deposits were transferred to BOWIE STATE BANK (BOWIE, TX). Customers became depositors of the acquiring bank automatically.

Key facts

FDIC ID

1334

FDIC Certificate

18756

FDIC FIN

2630

Bank name

BOWIE NATIONAL BANK

Location

BOWIE, TX

Failure date

1987-01-08

FDIC resolution date

1987-01-08

Charter type

National commercial bank (OCC-chartered)

Resolution type

Purchase & Assumption — acquiring bank assumed deposits + bought assets

FDIC DIF cost (est.)

$1M

Deposits at failure

$12M

Assets at failure

$12M

Acquiring bank

BOWIE STATE BANK (BOWIE, TX)