BANCTEXAS MCKINNEY, N.A. Failed 1987

What happened

BANCTEXAS MCKINNEY, N.A. of MCKINNEY, TX was closed on 1987-07-17. The FDIC was named receiver.

Resolution: A/A

Deposits were transferred to BANCTEXAS MCKINNEY, N.A. (MCKINNEY, TX). Customers became depositors of the acquiring bank automatically.

Key facts

FDIC ID

1470

FDIC Certificate

14618

FDIC FIN

1933

Bank name

BANCTEXAS MCKINNEY, N.A.

Location

MCKINNEY, TX

Failure date

1987-07-17

FDIC resolution date

1987-07-17

Charter type

National commercial bank (OCC-chartered)

Resolution type

A/A

FDIC DIF cost (est.)

$23M

Deposits at failure

$120M

Assets at failure

$122M

Acquiring bank

BANCTEXAS MCKINNEY, N.A. (MCKINNEY, TX)