RIVER CITY BANK Failed 1988
What happened
RIVER CITY BANK of CASTLE HILLS, TX was closed on 1988-09-15. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to CITIZENS STB OF LULING (LULING, TX). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 1925
- FDIC Certificate
- 25251
- FDIC FIN
- 2917
- Bank name
- RIVER CITY BANK
- Location
- CASTLE HILLS, TX
- Failure date
- 1988-09-15
- FDIC resolution date
- 1988-09-15
- 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.)
- $7M
- Deposits at failure
- $18M
- Assets at failure
- $15M
- Acquiring bank
- CITIZENS STB OF LULING (LULING, TX)