KIRBY STATE BANK Failed 1989

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

What happened

KIRBY STATE BANK of KIRBY, TX was closed on 1989-09-14. The FDIC was named receiver.

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

Deposits were transferred to SCHERTZ BANK & TRUST (SCHERTZ, TX). Customers became depositors of the acquiring bank automatically.

Key facts

FDIC ID
2504
FDIC Certificate
21186
FDIC FIN
5991
Bank name
KIRBY STATE BANK
Location
KIRBY, TX
Failure date
1989-09-14
FDIC resolution date
1989-09-14
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.)
$0M
Deposits at failure
$16M
Assets at failure
$17M
Acquiring bank
SCHERTZ BANK & TRUST (SCHERTZ, TX)