BACLIFF BANK, NATIONAL ASSOCIATION Failed 1990

What happened

BACLIFF BANK, NATIONAL ASSOCIATION of BACLIFF, TX was closed on 1990-06-28. The FDIC was named receiver.

Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets

Deposits were transferred to THE CITIZENS STATE BANK OF (DICKINSON, TX). Customers became depositors of the acquiring bank automatically.

Key facts

FDIC ID

2829

FDIC Certificate

25874

FDIC FIN

4237

Bank name

BACLIFF BANK, NATIONAL ASSOCIATION

Location

BACLIFF, TX

Failure date

1990-06-28

FDIC resolution date

1990-06-28

Charter type

National commercial bank (OCC-chartered)

Resolution type

Purchase & Assumption — acquiring bank assumed deposits + bought assets

FDIC DIF cost (est.)

$2M

Deposits at failure

$8M

Assets at failure

$7M

Acquiring bank

THE CITIZENS STATE BANK OF (DICKINSON, TX)