HEIGHTS BANK Failed 1990

HARKER HEIGHTS, TX · State commercial bank, non-Federal Reserve member (FDIC-supervised) · view on FDIC BankFind ↗

What happened

HEIGHTS BANK of HARKER HEIGHTS, TX was closed on 1990-12-07. The FDIC was named receiver.

Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets

Deposits were transferred to HEIGHTS STATE BANK (HARKER HEIGHTS, TX). Customers became depositors of the acquiring bank automatically.

Key facts

FDIC ID
2954
FDIC Certificate
21631
FDIC FIN
4299
Bank name
HEIGHTS BANK
Location
HARKER HEIGHTS, TX
Failure date
1990-12-07
FDIC resolution date
1990-12-07
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.)
$5M
Deposits at failure
$27M
Assets at failure
$29M
Acquiring bank
HEIGHTS STATE BANK (HARKER HEIGHTS, TX)