PALO DURO FS & LA Failed 1990
What happened
PALO DURO FS & LA of AMARILLO, TX was closed on 1990-01-26. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to CITIZENS STATE BANK OF DALH (DALHART, TX). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 2636
- FDIC Certificate
- 32089
- FDIC FIN
- 7290
- Bank name
- PALO DURO FS & LA
- Location
- AMARILLO, TX
- Failure date
- 1990-01-26
- FDIC resolution date
- 1991-05-17
- Charter type
- SL
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $13M
- Deposits at failure
- $42M
- Assets at failure
- $65M
- Acquiring bank
- CITIZENS STATE BANK OF DALH (DALHART, TX)