TEXAS COMMERCIAL SA Failed 1990
What happened
TEXAS COMMERCIAL SA of SULPHUR SPRINGS, TX was closed on 1990-09-21. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to FIRST AMERICAN BANK (SULPHUR SPRINGS, TX). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 2911
- FDIC Certificate
- 32274
- FDIC FIN
- 7326
- Bank name
- TEXAS COMMERCIAL SA
- Location
- SULPHUR SPRINGS, TX
- Failure date
- 1990-09-21
- FDIC resolution date
- 1991-06-14
- Charter type
- SL
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $7M
- Deposits at failure
- $27M
- Assets at failure
- $28M
- Acquiring bank
- FIRST AMERICAN BANK (SULPHUR SPRINGS, TX)
Other banks FIRST AMERICAN BANK acquired in FDIC resolutions