COMMUNITY BANK & TRUST Failed 1988

ROCKDALE, TX · State commercial bank, non-Federal Reserve member (FDIC-supervised) · view on FDIC BankFind ↗

What happened

COMMUNITY BANK & TRUST of ROCKDALE, TX was closed on 1988-09-22. The FDIC was named receiver.

Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets

Deposits were transferred to CITIZENS NB OF CAMERON (CAMERON, TX). Customers became depositors of the acquiring bank automatically.

Key facts

FDIC ID
1932
FDIC Certificate
22992
FDIC FIN
2922
Bank name
COMMUNITY BANK & TRUST
Location
ROCKDALE, TX
Failure date
1988-09-22
FDIC resolution date
1988-09-22
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
$14M
Assets at failure
$15M
Acquiring bank
CITIZENS NB OF CAMERON (CAMERON, TX)