IREDELL STATE BANK Failed 1990
What happened
IREDELL STATE BANK of IREDELL, TX was closed on 1990-07-12. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to FIRST SECURITY BANK - CRANF (CRANFILLS GAP, TX). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 2842
- FDIC Certificate
- 15274
- FDIC FIN
- 4246
- Bank name
- IREDELL STATE BANK
- Location
- IREDELL, TX
- Failure date
- 1990-07-12
- FDIC resolution date
- 1990-07-12
- 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.)
- $2M
- Deposits at failure
- $10M
- Assets at failure
- $10M
- Acquiring bank
- FIRST SECURITY BANK - CRANF (CRANFILLS GAP, TX)