BRIGHT BANC Failed 1989
What happened
BRIGHT BANC of DALLAS, TX was closed on 1989-02-10. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to BANC ONE FSB (COLUMBUS, OH). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 2096
- FDIC Certificate
- 31095
- FDIC FIN
- 6952
- Bank name
- BRIGHT BANC
- Location
- DALLAS, TX
- Failure date
- 1989-02-10
- FDIC resolution date
- 1990-02-02
- Charter type
- SL
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $1,308M
- Deposits at failure
- $3,004M
- Assets at failure
- $4,388M
- Acquiring bank
- BANC ONE FSB (COLUMBUS, OH)
Other banks BANC ONE FSB acquired in FDIC resolutions