COMMUNITY STATE BANK OF ONALASKA Failed 1990

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

What happened

COMMUNITY STATE BANK OF ONALASKA of ONALASKA, TX was closed on 1990-03-01. The FDIC was named receiver.

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

Deposits were transferred to THE BANK OF LIVINGSTON (LIVINGSTON, TX). Customers became depositors of the acquiring bank automatically.

Key facts

FDIC ID
2681
FDIC Certificate
24075
FDIC FIN
4159
Bank name
COMMUNITY STATE BANK OF ONALASKA
Location
ONALASKA, TX
Failure date
1990-03-01
FDIC resolution date
1990-03-01
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.)
$3M
Deposits at failure
$10M
Assets at failure
$10M
Acquiring bank
THE BANK OF LIVINGSTON (LIVINGSTON, TX)