FIRST BANK & TRUST Failed 1989
What happened
FIRST BANK & TRUST of BRYAN, TX was closed on 1989-02-09. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to FIRST AMERICAN BANK (BRYAN, TX). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 2090
- FDIC Certificate
- 1178
- FDIC FIN
- 2965
- Bank name
- FIRST BANK & TRUST
- Location
- BRYAN, TX
- Failure date
- 1989-02-09
- FDIC resolution date
- 1989-02-09
- 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.)
- $30M
- Deposits at failure
- $145M
- Assets at failure
- $148M
- Acquiring bank
- FIRST AMERICAN BANK (BRYAN, TX)
Other banks FIRST AMERICAN BANK acquired in FDIC resolutions