FIRST STATE BANK OF CRANDALL Failed 1990
What happened
FIRST STATE BANK OF CRANDALL of CRANDALL, 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 AMERICAN NATIONAL BANK (TERRELL, TX). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 2730
- FDIC Certificate
- 22147
- FDIC FIN
- 4183
- Bank name
- FIRST STATE BANK OF CRANDALL
- Location
- CRANDALL, 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.)
- $3M
- Deposits at failure
- $16M
- Assets at failure
- $16M
- Acquiring bank
- THE AMERICAN NATIONAL BANK (TERRELL, TX)