FIRST STATE BANK OF BOVINA Failed 1987
What happened
FIRST STATE BANK OF BOVINA of BOVINA, TX was closed on 1987-10-22. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to FIRST BANK OF MULESHOE (MULESHOE, TX). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 1543
- FDIC Certificate
- 17510
- FDIC FIN
- 2740
- Bank name
- FIRST STATE BANK OF BOVINA
- Location
- BOVINA, TX
- Failure date
- 1987-10-22
- FDIC resolution date
- 1987-10-22
- 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.)
- $0M
- Deposits at failure
- $17M
- Assets at failure
- $20M
- Acquiring bank
- FIRST BANK OF MULESHOE (MULESHOE, TX)