HOME STATE BANK Failed 1988
What happened
HOME STATE BANK of TRENT, TX was closed on 1988-04-07. The FDIC was named receiver.
Resolution: Insured Deposit Transfer — insured deposits transferred to another bank
Deposits were transferred to FARMERS&MERCHANTS NB MER (MERKEL, TX). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 1659
- FDIC Certificate
- 13667
- FDIC FIN
- 5935
- Bank name
- HOME STATE BANK
- Location
- TRENT, TX
- Failure date
- 1988-04-07
- FDIC resolution date
- 1988-04-07
- Charter type
- State commercial bank, non-Federal Reserve member (FDIC-supervised)
- Resolution type
- Insured Deposit Transfer — insured deposits transferred to another bank
- FDIC DIF cost (est.)
- $1M
- Deposits at failure
- $5M
- Assets at failure
- $5M
- Acquiring bank
- FARMERS&MERCHANTS NB MER (MERKEL, TX)
Other banks FARMERS&MERCHANTS NB MER acquired in FDIC resolutions