WESTERN BANK Failed 1990
What happened
WESTERN BANK of DUNCANVILLE, TX was closed on 1990-11-15. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to WESTERN BANK & TRUST (DUNCANVILLE, TX). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 2938
- FDIC Certificate
- 21518
- FDIC FIN
- 4294
- Bank name
- WESTERN BANK
- Location
- DUNCANVILLE, TX
- Failure date
- 1990-11-15
- FDIC resolution date
- 1990-11-15
- 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.)
- $6M
- Deposits at failure
- $40M
- Assets at failure
- $40M
- Acquiring bank
- WESTERN BANK & TRUST (DUNCANVILLE, TX)