THE MORAN NATIONAL BANK Failed 1988
What happened
THE MORAN NATIONAL BANK of MORAN, TX was closed on 1988-01-14. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to PEOPLES STATE BANK (CLYDE, TX). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 1599
- FDIC Certificate
- 3352
- FDIC FIN
- 2770
- Bank name
- THE MORAN NATIONAL BANK
- Location
- MORAN, TX
- Failure date
- 1988-01-14
- FDIC resolution date
- 1988-01-14
- Charter type
- National commercial bank (OCC-chartered)
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $9M
- Deposits at failure
- $17M
- Assets at failure
- $17M
- Acquiring bank
- PEOPLES STATE BANK (CLYDE, TX)
Other banks PEOPLES STATE BANK acquired in FDIC resolutions