BAY CITY BANK & TRUST CO. Failed 1990
What happened
BAY CITY BANK & TRUST CO. of BAY CITY, TX was closed on 1990-08-30. The FDIC was named receiver.
Resolution: Insured Deposit Transfer — insured deposits transferred to another bank
Deposits were transferred to FIRST STATE BANK AND TRUST (PORT LAVACA, TX). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 2883
- FDIC Certificate
- 10350
- FDIC FIN
- 4267
- Bank name
- BAY CITY BANK & TRUST CO.
- Location
- BAY CITY, TX
- Failure date
- 1990-08-30
- FDIC resolution date
- 1990-08-30
- Charter type
- State commercial bank, non-Federal Reserve member (FDIC-supervised)
- Resolution type
- Insured Deposit Transfer — insured deposits transferred to another bank
- FDIC DIF cost (est.)
- $22M
- Deposits at failure
- $83M
- Assets at failure
- $80M
- Acquiring bank
- FIRST STATE BANK AND TRUST (PORT LAVACA, TX)
Other banks FIRST STATE BANK AND TRUST acquired in FDIC resolutions