# BANK OF EAST TEXAS

> **Failed bank** · TYLER, TX · failed 1990-06-21 · State commercial bank, Federal Reserve member · FDIC cost $4M

## What happened

BANK OF EAST TEXAS of TYLER, TX was closed by state regulators 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
- **Estimated FDIC DIF cost:** $4M
- **Deposits at failure:** $11M
- **Assets at failure:** $11M
- **Acquiring bank:** CHANDLER STATE BANK (CHANDLER, TX)

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=BANK%20OF%20EAST%20TEXAS

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, BANK OF EAST TEXAS (FDIC ID 2820), failed 1990-06-21. Retrieved via AI Analytics 2026-06-25 from https://api.ai-analytics.org/failed-bank/2820.

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