WAXAHACHIE BANK & TRUST COMPANY Failed 1987

WAXAHACHIE, TX · State commercial bank, non-Federal Reserve member (FDIC-supervised) · view on FDIC BankFind ↗

What happened

WAXAHACHIE BANK & TRUST COMPANY of WAXAHACHIE, TX was closed on 1987-09-10. The FDIC was named receiver.

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

Deposits were transferred to MERCHANTS STATE BANK (DALLAS, TX). Customers became depositors of the acquiring bank automatically.

Key facts

FDIC ID
1509
FDIC Certificate
10711
FDIC FIN
2724
Bank name
WAXAHACHIE BANK & TRUST COMPANY
Location
WAXAHACHIE, TX
Failure date
1987-09-10
FDIC resolution date
1987-09-10
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.)
$22M
Deposits at failure
$66M
Assets at failure
$69M
Acquiring bank
MERCHANTS STATE BANK (DALLAS, TX)