RED RIVER NATIONAL BANK IN CLARKSVILLE Failed 1987

What happened

RED RIVER NATIONAL BANK IN CLARKSVILLE of CLARKSVILLE, TX was closed on 1987-03-19. The FDIC was named receiver.

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

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

Key facts

FDIC ID

1392

FDIC Certificate

3139

FDIC FIN

2663

Bank name

RED RIVER NATIONAL BANK IN CLARKSVILLE

Location

CLARKSVILLE, TX

Failure date

1987-03-19

FDIC resolution date

1987-03-19

Charter type

National commercial bank (OCC-chartered)

Resolution type

Purchase & Assumption — acquiring bank assumed deposits + bought assets

FDIC DIF cost (est.)

$5M

Deposits at failure

$23M

Assets at failure

$23M

Acquiring bank

STATE BANK OF DE KALB (DE KALB, TX)