BANK OF EAST TEXAS Failed 1990
What happened
BANK OF EAST TEXAS of TYLER, TX was closed on 1990-06-21. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to CHANDLER STATE BANK (CHANDLER, TX). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 2820
- FDIC Certificate
- 24864
- FDIC FIN
- 4233
- Bank name
- BANK OF EAST TEXAS
- Location
- TYLER, TX
- Failure date
- 1990-06-21
- FDIC resolution date
- 1990-06-21
- Charter type
- State commercial bank, Federal Reserve member
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $4M
- Deposits at failure
- $11M
- Assets at failure
- $11M
- Acquiring bank
- CHANDLER STATE BANK (CHANDLER, TX)