THE BANK OF KERRVILLE Failed 1988
What happened
THE BANK OF KERRVILLE of KERRVILLE, TX was closed on 1988-11-17. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to BANK OF KERRVILLE (KERRVILLE, TX). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 1984
- FDIC Certificate
- 22871
- FDIC FIN
- 2935
- Bank name
- THE BANK OF KERRVILLE
- Location
- KERRVILLE, TX
- Failure date
- 1988-11-17
- FDIC resolution date
- 1988-11-17
- Charter type
- State commercial bank, Federal Reserve member
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $11M
- Deposits at failure
- $35M
- Assets at failure
- $40M
- Acquiring bank
- BANK OF KERRVILLE (KERRVILLE, TX)