FIRST S&LA OF BURKBURNETT Failed 1987

BURKBURNETT, TX · SL · view on FDIC BankFind ↗

What happened

FIRST S&LA OF BURKBURNETT of BURKBURNETT, TX was closed on 1987-01-16. The FDIC was named receiver.

Resolution: Insured Deposit Transfer — insured deposits transferred to another bank

Deposits were transferred to 0 (0, 0). Customers became depositors of the acquiring bank automatically.

Key facts

FDIC ID
1342
FDIC Certificate
31169
FDIC FIN
7547
Bank name
FIRST S&LA OF BURKBURNETT
Location
BURKBURNETT, TX
Failure date
1987-01-16
FDIC resolution date
1987-01-16
Charter type
SL
Resolution type
Insured Deposit Transfer — insured deposits transferred to another bank
FDIC DIF cost (est.)
$269M
Deposits at failure
$74M
Assets at failure
$205M
Acquiring bank
0 (0, 0)

Other banks 0 acquired in FDIC resolutions