COMMUNITY BANK Failed 1990
What happened
COMMUNITY BANK of NEW CANEY, TX was closed on 1990-03-22. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to CHANNELVIEW BANK (CHANNELVIEW, TX). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 2712
- FDIC Certificate
- 19602
- FDIC FIN
- 4168
- Bank name
- COMMUNITY BANK
- Location
- NEW CANEY, TX
- Failure date
- 1990-03-22
- FDIC resolution date
- 1990-03-22
- 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.)
- $7M
- Deposits at failure
- $42M
- Assets at failure
- $42M
- Acquiring bank
- CHANNELVIEW BANK (CHANNELVIEW, TX)
Other banks CHANNELVIEW BANK acquired in FDIC resolutions