ROSE CAPITAL BANK Failed 1989

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

What happened

ROSE CAPITAL BANK of TYLER, TX was closed on 1989-09-21. The FDIC was named receiver.

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

Deposits were transferred to FIRST CITY, TEXAS-TYLER, NA (TYLER, TX). Customers became depositors of the acquiring bank automatically.

Key facts

FDIC ID
2509
FDIC Certificate
22726
FDIC FIN
5993
Bank name
ROSE CAPITAL BANK
Location
TYLER, TX
Failure date
1989-09-21
FDIC resolution date
1989-09-21
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.)
$13M
Deposits at failure
$60M
Assets at failure
$63M
Acquiring bank
FIRST CITY, TEXAS-TYLER, NA (TYLER, TX)