FIRST STATE BANK OF TEXAS Failed 1989
What happened
FIRST STATE BANK OF TEXAS of DUNCANVILLE, TX was closed on 1989-01-26. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to FIDELITY NATIONAL BANK OF D (DALLAS, TX). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 2079
- FDIC Certificate
- 26205
- FDIC FIN
- 2961
- Bank name
- FIRST STATE BANK OF TEXAS
- Location
- DUNCANVILLE, TX
- Failure date
- 1989-01-26
- FDIC resolution date
- 1989-01-26
- Charter type
- State commercial bank, Federal Reserve member
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $5M
- Deposits at failure
- $18M
- Assets at failure
- $16M
- Acquiring bank
- FIDELITY NATIONAL BANK OF D (DALLAS, TX)