ALEDO STATE BANK Failed 1989

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

What happened

ALEDO STATE BANK of ALEDO, TX was closed on 1989-12-07. The FDIC was named receiver.

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

Deposits were transferred to CITIZENS NATIONAL BANK OF W (WEATHERFORD, TX). Customers became depositors of the acquiring bank automatically.

Key facts

FDIC ID
2575
FDIC Certificate
22593
FDIC FIN
4125
Bank name
ALEDO STATE BANK
Location
ALEDO, TX
Failure date
1989-12-07
FDIC resolution date
1989-12-07
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
$10M
Assets at failure
$10M
Acquiring bank
CITIZENS NATIONAL BANK OF W (WEATHERFORD, TX)