# DEEP EAST TEXAS SA

> **Failed bank** · JASPER, TX · failed 1989-03-16 · SL · FDIC cost $28M

## What happened

DEEP EAST TEXAS SA of JASPER, TX was closed by state regulators 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
- **Estimated FDIC DIF cost:** $28M
- **Deposits at failure:** $56M
- **Assets at failure:** $54M
- **Acquiring bank:** COMMUNITY BANK (KIRBYVILLE, TX)

## Other banks COMMUNITY BANK has acquired in FDIC resolutions

- THE FIRST STATE BANK (ROCKWALL, TX) — failed 1988-05-26 — /failed-bank/1758
- FIRST NATIONAL BANK OF BRAMAN (BRAMAN, OK) — failed 1987-04-09 — /failed-bank/1408

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=DEEP%20EAST%20TEXAS%20SA

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, DEEP EAST TEXAS SA (FDIC ID 2256), failed 1989-03-16. Retrieved via AI Analytics 2026-05-16 from https://api.ai-analytics.org/failed-bank/2256.

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