HELOTES STATE BANK Failed 1989

HELOTES, TX · State commercial bank, non-Federal Reserve member (FDIC-supervised) · view on FDIC BankFind ↗

What happened

HELOTES STATE BANK of HELOTES, TX was closed on 1989-06-15. The FDIC was named receiver.

Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets

Deposits were transferred to BANK OF LEON SPRINGS (SAN ANTONIO, TX). Customers became depositors of the acquiring bank automatically.

Key facts

FDIC ID
2390
FDIC Certificate
23695
FDIC FIN
4026
Bank name
HELOTES STATE BANK
Location
HELOTES, TX
Failure date
1989-06-15
FDIC resolution date
1989-06-15
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.)
$5M
Deposits at failure
$21M
Assets at failure
$21M
Acquiring bank
BANK OF LEON SPRINGS (SAN ANTONIO, TX)