WASHINGTON COUNTY STATE BANK Failed 1990
What happened
WASHINGTON COUNTY STATE BANK of BRENHAM, TX was closed on 1990-12-13. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to CHANNELVIEW BANK (CHANNELVIEW, TX). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 2962
- FDIC Certificate
- 11558
- FDIC FIN
- 4302
- Bank name
- WASHINGTON COUNTY STATE BANK
- Location
- BRENHAM, TX
- Failure date
- 1990-12-13
- FDIC resolution date
- 1990-12-13
- 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.)
- $9M
- Deposits at failure
- $78M
- Assets at failure
- $78M
- Acquiring bank
- CHANNELVIEW BANK (CHANNELVIEW, TX)
Other banks CHANNELVIEW BANK acquired in FDIC resolutions