# THE TEXAS BANK & TRUST COMPANY

> **Failed bank** · SWEETWATER, TX · failed 1989-07-27 · State commercial bank, non-Federal Reserve member (FDIC-supervised) · FDIC cost $5M

## What happened

THE TEXAS BANK & TRUST COMPANY of SWEETWATER, TX was closed by regulators 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
- **Estimated FDIC DIF cost:** $5M
- **Deposits at failure:** $33M
- **Assets at failure:** $34M
- **Acquiring bank:** FIRST NATIONAL BANK, SWEETW (SWEETWATER, TX)

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=THE%20TEXAS%20BANK%20%26%20TRUST%20COMPANY

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, THE TEXAS BANK & TRUST COMPANY (FDIC ID 2452), failed 1989-07-27. Retrieved via AI Analytics 2026-05-16 from https://api.ai-analytics.org/failed-bank/2452.

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