COLLIN COUNTY STATE BANK Failed 1988

MELISSA, TX · State commercial bank, non-Federal Reserve member (FDIC-supervised) · view on FDIC BankFind ↗

What happened

COLLIN COUNTY STATE BANK of MELISSA, TX was closed on 1988-02-25. The FDIC was named receiver.

Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets

Deposits were transferred to WILLOW BEND NATIONAL BAN (PLANO, TX). Customers became depositors of the acquiring bank automatically.

Key facts

FDIC ID
1633
FDIC Certificate
25743
FDIC FIN
2789
Bank name
COLLIN COUNTY STATE BANK
Location
MELISSA, TX
Failure date
1988-02-25
FDIC resolution date
1988-02-25
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
$13M
Assets at failure
$12M
Acquiring bank
WILLOW BEND NATIONAL BAN (PLANO, TX)