TEXAS BANK AND TRUST OF TEMPLE Failed 1991

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

What happened

TEXAS BANK AND TRUST OF TEMPLE of TEMPLE, 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 PEOPLES NATIONAL BANK O (BELTON, TX). Customers became depositors of the acquiring bank automatically.

Key facts

FDIC ID
3090
FDIC Certificate
18709
FDIC FIN
4349
Bank name
TEXAS BANK AND TRUST OF TEMPLE
Location
TEMPLE, 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.)
$11M
Deposits at failure
$45M
Assets at failure
$45M
Acquiring bank
THE PEOPLES NATIONAL BANK O (BELTON, TX)