THE TEXAS BANK & TRUST COMPANY Failed 1989
What happened
THE TEXAS BANK & TRUST COMPANY of SWEETWATER, TX was closed on 1989-07-27. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to FIRST NATIONAL BANK, SWEETW (SWEETWATER, TX). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 2452
- FDIC Certificate
- 11173
- FDIC FIN
- 4061
- Bank name
- THE TEXAS BANK & TRUST COMPANY
- Location
- SWEETWATER, TX
- Failure date
- 1989-07-27
- FDIC resolution date
- 1989-07-27
- 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
- $33M
- Assets at failure
- $34M
- Acquiring bank
- FIRST NATIONAL BANK, SWEETW (SWEETWATER, TX)