FIRST STATE BANK OF RISING STAR Failed 1990
What happened
FIRST STATE BANK OF RISING STAR of RISING STAR, TX was closed on 1990-09-20. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to THE PEOPLES STATE BANK (CLYDE, TX). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 2904
- FDIC Certificate
- 10714
- FDIC FIN
- 4277
- Bank name
- FIRST STATE BANK OF RISING STAR
- Location
- RISING STAR, TX
- Failure date
- 1990-09-20
- FDIC resolution date
- 1990-09-20
- 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.)
- $3M
- Deposits at failure
- $14M
- Assets at failure
- $14M
- Acquiring bank
- THE PEOPLES STATE BANK (CLYDE, TX)