# WAXAHACHIE BANK & TRUST COMPANY

> **Failed bank** · WAXAHACHIE, TX · failed 1987-09-10 · State commercial bank, non-Federal Reserve member (FDIC-supervised) · FDIC cost $22M

## What happened

WAXAHACHIE BANK & TRUST COMPANY of WAXAHACHIE, TX was closed by regulators 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
- **Estimated FDIC DIF cost:** $22M
- **Deposits at failure:** $66M
- **Assets at failure:** $69M
- **Acquiring bank:** MERCHANTS STATE BANK (DALLAS, TX)

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=WAXAHACHIE%20BANK%20%26%20TRUST%20COMPANY

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, WAXAHACHIE BANK & TRUST COMPANY (FDIC ID 1509), failed 1987-09-10. Retrieved via AI Analytics 2026-05-20 from https://api.ai-analytics.org/failed-bank/1509.

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