TRI-CITIES BANK & TRUST Failed 1988
What happened
TRI-CITIES BANK & TRUST of GLENN HEIGHTS, TX was closed on 1988-06-23. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to ABRAMS CENTRE NATIONAL B (DALLAS, TX). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 1781
- FDIC Certificate
- 26356
- FDIC FIN
- 2833
- Bank name
- TRI-CITIES BANK & TRUST
- Location
- GLENN HEIGHTS, TX
- Failure date
- 1988-06-23
- FDIC resolution date
- 1988-06-23
- 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.)
- $4M
- Deposits at failure
- $10M
- Assets at failure
- $9M
- Acquiring bank
- ABRAMS CENTRE NATIONAL B (DALLAS, TX)