FLOWER MOUND BANK Failed 1988
What happened
FLOWER MOUND BANK of FLOWER MOUND, TX was closed on 1988-03-03. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to SECURITY BANK (FLOWER MOUND, TX). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 1635
- FDIC Certificate
- 25331
- FDIC FIN
- 2792
- Bank name
- FLOWER MOUND BANK
- Location
- FLOWER MOUND, TX
- Failure date
- 1988-03-03
- FDIC resolution date
- 1988-03-03
- Charter type
- State commercial bank, Federal Reserve member
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $4M
- Deposits at failure
- $18M
- Assets at failure
- $17M
- Acquiring bank
- SECURITY BANK (FLOWER MOUND, TX)
Other banks SECURITY BANK acquired in FDIC resolutions