PRAIRIE STATE BANK Failed 1989
What happened
PRAIRIE STATE BANK of GRAND PRAIRIE, TX was closed on 1989-09-14. The FDIC was named receiver.
Resolution: Insured Deposit Transfer — insured deposits transferred to another bank
Deposits were transferred to BEDFORD NATIONAL BANK (BEDFORD, TX). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 2507
- FDIC Certificate
- 26462
- FDIC FIN
- 5990
- Bank name
- PRAIRIE STATE BANK
- Location
- GRAND PRAIRIE, 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
- Insured Deposit Transfer — insured deposits transferred to another bank
- FDIC DIF cost (est.)
- $3M
- Deposits at failure
- $17M
- Assets at failure
- $16M
- Acquiring bank
- BEDFORD NATIONAL BANK (BEDFORD, TX)