FIRST AMERICAN BANK & TRUST OF BAYTOWN Failed 1988
What happened
FIRST AMERICAN BANK & TRUST OF BAYTOWN of BAYTOWN, TX was closed on 1988-03-10. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to CITIZENS B&T CO BAYTOWN (BAYTOWN, TX). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 1639
- FDIC Certificate
- 14241
- FDIC FIN
- 2793
- Bank name
- FIRST AMERICAN BANK & TRUST OF BAYTOWN
- Location
- BAYTOWN, TX
- Failure date
- 1988-03-10
- FDIC resolution date
- 1988-03-10
- 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.)
- $16M
- Deposits at failure
- $41M
- Assets at failure
- $38M
- Acquiring bank
- CITIZENS B&T CO BAYTOWN (BAYTOWN, TX)
Other banks CITIZENS B&T CO BAYTOWN acquired in FDIC resolutions