CHIRENO STATE BANK Failed 1991

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

What happened

CHIRENO STATE BANK of CHIRENO, TX was closed on 1991-05-09. The FDIC was named receiver.

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

Deposits were transferred to THE FIRST STATE BANK (GLADEWATER, TX). Customers became depositors of the acquiring bank automatically.

Key facts

FDIC ID
3089
FDIC Certificate
8441
FDIC FIN
4346
Bank name
CHIRENO STATE BANK
Location
CHIRENO, TX
Failure date
1991-05-09
FDIC resolution date
1991-05-09
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.)
$1M
Deposits at failure
$12M
Assets at failure
$12M
Acquiring bank
THE FIRST STATE BANK (GLADEWATER, TX)