WEST TEXAS STATE BANK OF CANYON Failed 1987
What happened
WEST TEXAS STATE BANK OF CANYON of CANYON, TX was closed on 1987-11-13. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to FIRST NB OF AMARILLO (AMARILLO, TX). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 1555
- FDIC Certificate
- 19676
- FDIC FIN
- 2747
- Bank name
- WEST TEXAS STATE BANK OF CANYON
- Location
- CANYON, TX
- Failure date
- 1987-11-13
- FDIC resolution date
- 1987-11-13
- 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.)
- $3M
- Deposits at failure
- $20M
- Assets at failure
- $20M
- Acquiring bank
- FIRST NB OF AMARILLO (AMARILLO, TX)