LA MARQUE BANK Failed 1987
What happened
LA MARQUE BANK of LA MARQUE, 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 FIRST BANK OF LA MARQUE (LA MARQUE, TX). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 1510
- FDIC Certificate
- 21279
- FDIC FIN
- 2723
- Bank name
- LA MARQUE BANK
- Location
- LA MARQUE, 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.)
- $1M
- Deposits at failure
- $6M
- Assets at failure
- $6M
- Acquiring bank
- FIRST BANK OF LA MARQUE (LA MARQUE, TX)