COMMERCIAL STATE BANK Failed 1988
What happened
COMMERCIAL STATE BANK of SAN AUGUSTINE, TX was closed on 1988-09-01. The FDIC was named receiver.
Resolution: Insured Deposit Transfer — insured deposits transferred to another bank
Deposits were transferred to HAMILTON NATIONAL BANK (HAMILTON, TX). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 1904
- FDIC Certificate
- 12312
- FDIC FIN
- 5944
- Bank name
- COMMERCIAL STATE BANK
- Location
- SAN AUGUSTINE, TX
- Failure date
- 1988-09-01
- FDIC resolution date
- 1988-09-01
- 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.)
- $2M
- Deposits at failure
- $26M
- Assets at failure
- $26M
- Acquiring bank
- HAMILTON NATIONAL BANK (HAMILTON, TX)
Other banks HAMILTON NATIONAL BANK acquired in FDIC resolutions