CANYON LAKE BANK Failed 1989
What happened
CANYON LAKE BANK of CANYON LAKE, TX was closed on 1989-12-14. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to VICTORIA BANK & TRUST COMPA (NEW BRAUNFELS, TX). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 2590
- FDIC Certificate
- 20918
- FDIC FIN
- 4135
- Bank name
- CANYON LAKE BANK
- Location
- CANYON LAKE, TX
- Failure date
- 1989-12-14
- FDIC resolution date
- 1989-12-14
- 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.)
- $9M
- Deposits at failure
- $32M
- Assets at failure
- $31M
- Acquiring bank
- VICTORIA BANK & TRUST COMPA (NEW BRAUNFELS, TX)
Other banks VICTORIA BANK & TRUST COMPA acquired in FDIC resolutions