# TROUP BANK & TRUST COMPANY

> **Failed bank** · TROUP, TX · failed 1989-08-24 · State commercial bank, non-Federal Reserve member (FDIC-supervised) · FDIC cost $2M

## What happened

TROUP BANK & TRUST COMPANY of TROUP, TX was closed by regulators 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
- **Estimated FDIC DIF cost:** $2M
- **Deposits at failure:** $25M
- **Assets at failure:** $24M
- **Acquiring bank:** FIRST NATIONAL BANK OF JACK (JACKSONVILLE, TX)

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, TROUP BANK & TRUST COMPANY (FDIC ID 2491), failed 1989-08-24. Retrieved via AI Analytics 2026-05-19 from https://api.ai-analytics.org/failed-bank/2491.

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