BANNERBANC FS & LA Failed 1990
What happened
BANNERBANC FS & LA of GARLAND, TX was closed on 1990-01-04. The FDIC was named receiver.
Resolution: Insured Deposit Transfer — insured deposits transferred to another bank
Deposits were transferred to COLONIAL S&LA (FORT WORTH, TX). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 2602
- FDIC Certificate
- 30995
- FDIC FIN
- 7199
- Bank name
- BANNERBANC FS & LA
- Location
- GARLAND, TX
- Failure date
- 1990-01-04
- FDIC resolution date
- 1990-09-28
- Charter type
- SL
- Resolution type
- Insured Deposit Transfer — insured deposits transferred to another bank
- FDIC DIF cost (est.)
- $28M
- Deposits at failure
- $56M
- Assets at failure
- $46M
- Acquiring bank
- COLONIAL S&LA (FORT WORTH, TX)