COVE STATE BANK Failed 1990
What happened
COVE STATE BANK of COPPERAS COVE, TX was closed on 1990-04-19. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to THE NATIONAL BANK OF GATESV (GATESVILLE, TX). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 2729
- FDIC Certificate
- 18110
- FDIC FIN
- 4185
- Bank name
- COVE STATE BANK
- Location
- COPPERAS COVE, TX
- Failure date
- 1990-04-19
- FDIC resolution date
- 1990-04-19
- 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.)
- $6M
- Deposits at failure
- $37M
- Assets at failure
- $37M
- Acquiring bank
- THE NATIONAL BANK OF GATESV (GATESVILLE, TX)
Other banks THE NATIONAL BANK OF GATESV acquired in FDIC resolutions