FIRST STATE BANK Failed 1991

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

What happened

FIRST STATE BANK of WEIMAR, TX was closed on 1991-04-04. The FDIC was named receiver.

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

Deposits were transferred to HILL BANK & TRUST CO. (WEIMAR, TX). Customers became depositors of the acquiring bank automatically.

Key facts

FDIC ID
3058
FDIC Certificate
11576
FDIC FIN
4339
Bank name
FIRST STATE BANK
Location
WEIMAR, TX
Failure date
1991-04-04
FDIC resolution date
1991-04-04
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.)
$2M
Deposits at failure
$26M
Assets at failure
$26M
Acquiring bank
HILL BANK & TRUST CO. (WEIMAR, TX)