DEEP EAST TEXAS SA Failed 1989
What happened
DEEP EAST TEXAS SA of JASPER, TX was closed on 1989-03-16. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to COMMUNITY BANK (KIRBYVILLE, TX). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 2256
- FDIC Certificate
- 31799
- FDIC FIN
- 7209
- Bank name
- DEEP EAST TEXAS SA
- Location
- JASPER, TX
- Failure date
- 1989-03-16
- FDIC resolution date
- 1990-11-02
- Charter type
- SL
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $28M
- Deposits at failure
- $56M
- Assets at failure
- $54M
- Acquiring bank
- COMMUNITY BANK (KIRBYVILLE, TX)
Other banks COMMUNITY BANK acquired in FDIC resolutions