TROUP BANK & TRUST COMPANY Failed 1989

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

What happened

TROUP BANK & TRUST COMPANY of TROUP, TX was closed on 1989-08-24. The FDIC was named receiver.

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

Deposits were transferred to FIRST NATIONAL BANK OF JACK (JACKSONVILLE, TX). Customers became depositors of the acquiring bank automatically.

Key facts

FDIC ID
2491
FDIC Certificate
5560
FDIC FIN
4070
Bank name
TROUP BANK & TRUST COMPANY
Location
TROUP, TX
Failure date
1989-08-24
FDIC resolution date
1989-08-24
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.)
$2M
Deposits at failure
$25M
Assets at failure
$24M
Acquiring bank
FIRST NATIONAL BANK OF JACK (JACKSONVILLE, TX)