BEAR CREEK NATIONAL BANK Failed 1987
What happened
BEAR CREEK NATIONAL BANK of BEAR CREEK, 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 JERSEY VILLAGE BANK (HOUSTON, TX). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 1353
- FDIC Certificate
- 25633
- FDIC FIN
- 2639
- Bank name
- BEAR CREEK NATIONAL BANK
- Location
- BEAR CREEK, TX
- Failure date
- 1987-01-29
- FDIC resolution date
- 1987-01-29
- Charter type
- National commercial bank (OCC-chartered)
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $8M
- Deposits at failure
- $26M
- Assets at failure
- $27M
- Acquiring bank
- JERSEY VILLAGE BANK (HOUSTON, TX)
Other banks JERSEY VILLAGE BANK acquired in FDIC resolutions