BEAUMONT BANK-NATIONAL ASSOCIATION Failed 1989

BEAUMONT, TX · National commercial bank (OCC-chartered) · view on FDIC BankFind ↗

What happened

BEAUMONT BANK-NATIONAL ASSOCIATION of BEAUMONT, TX was closed on 1989-10-19. The FDIC was named receiver.

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

Deposits were transferred to TEXAS COMMERCE BANK-BEAUMON (BEAUMONT, TX). Customers became depositors of the acquiring bank automatically.

Key facts

FDIC ID
2529
FDIC Certificate
25061
FDIC FIN
4104
Bank name
BEAUMONT BANK-NATIONAL ASSOCIATION
Location
BEAUMONT, TX
Failure date
1989-10-19
FDIC resolution date
1989-10-19
Charter type
National commercial bank (OCC-chartered)
Resolution type
Purchase & Assumption — acquiring bank assumed deposits + bought assets
FDIC DIF cost (est.)
$5M
Deposits at failure
$27M
Assets at failure
$29M
Acquiring bank
TEXAS COMMERCE BANK-BEAUMON (BEAUMONT, TX)