CROSSROADS BANK Failed 1991
What happened
CROSSROADS BANK of VICTORIA, TX was closed on 1991-03-14. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to VICTORIA BANK & TRUST COMPA (VICTORIA, TX). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 3037
- FDIC Certificate
- 18844
- FDIC FIN
- 4331
- Bank name
- CROSSROADS BANK
- Location
- VICTORIA, TX
- Failure date
- 1991-03-14
- FDIC resolution date
- 1991-03-14
- 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.)
- $4M
- Deposits at failure
- $23M
- Assets at failure
- $22M
- Acquiring bank
- VICTORIA BANK & TRUST COMPA (VICTORIA, TX)
Other banks VICTORIA BANK & TRUST COMPA acquired in FDIC resolutions