KARNES COUNTY FS & LA Failed 1990
What happened
KARNES COUNTY FS & LA of KARNES CITY, TX was closed on 1990-01-18. The FDIC was named receiver.
Resolution: Insured Deposit Transfer — insured deposits transferred to another bank
Deposits were transferred to VICTORIA B&TC (VICTORIA, TX). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 2624
- FDIC Certificate
- 31463
- FDIC FIN
- 7248
- Bank name
- KARNES COUNTY FS & LA
- Location
- KARNES CITY, TX
- Failure date
- 1990-01-18
- FDIC resolution date
- 1990-12-07
- Charter type
- SL
- Resolution type
- Insured Deposit Transfer — insured deposits transferred to another bank
- FDIC DIF cost (est.)
- $25M
- Deposits at failure
- $57M
- Assets at failure
- $53M
- Acquiring bank
- VICTORIA B&TC (VICTORIA, TX)
Other banks VICTORIA B&TC acquired in FDIC resolutions