TEXARKANA FS & LA Failed 1990
What happened
TEXARKANA FS & LA of TEXARCANA, AR was closed on 1990-12-07. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to CITIZENS NB (HOPE, AR). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 2956
- FDIC Certificate
- 27700
- FDIC FIN
- 7423
- Bank name
- TEXARKANA FS & LA
- Location
- TEXARCANA, AR
- Failure date
- 1990-12-07
- FDIC resolution date
- 1991-08-30
- Charter type
- SL
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $11M
- Deposits at failure
- $43M
- Assets at failure
- $40M
- Acquiring bank
- CITIZENS NB (HOPE, AR)