THE LA PRYOR STATE BANK Failed 1987
What happened
THE LA PRYOR STATE BANK of LA PRYOR, TX was closed on 1987-01-29. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to ZAVALA COUNTY BANK (CRYSTAL CITY, TX). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 1349
- FDIC Certificate
- 8444
- FDIC FIN
- 2641
- Bank name
- THE LA PRYOR STATE BANK
- Location
- LA PRYOR, TX
- Failure date
- 1987-01-29
- FDIC resolution date
- 1987-01-29
- 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.)
- $2M
- Deposits at failure
- $5M
- Assets at failure
- $6M
- Acquiring bank
- ZAVALA COUNTY BANK (CRYSTAL CITY, TX)