FIRST BANK & TRUST Failed 1988
What happened
FIRST BANK & TRUST of TOMBALL, TX was closed on 1988-03-31. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to HAMILTON NATIONAL BANK (HAMILTON, TX). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 1658
- FDIC Certificate
- 20260
- FDIC FIN
- 2801
- Bank name
- FIRST BANK & TRUST
- Location
- TOMBALL, TX
- Failure date
- 1988-03-31
- FDIC resolution date
- 1988-03-31
- 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.)
- $19M
- Deposits at failure
- $59M
- Assets at failure
- $69M
- Acquiring bank
- HAMILTON NATIONAL BANK (HAMILTON, TX)
Other banks HAMILTON NATIONAL BANK acquired in FDIC resolutions