DRIPPING SPRINGS NATIONAL BANK Failed 1991
What happened
DRIPPING SPRINGS NATIONAL BANK of DRIPPING SPRINGS, TX was closed on 1991-07-12. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to TEXAS BANK (ODESSA, TX). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 3137
- FDIC Certificate
- 23882
- FDIC FIN
- 4372
- Bank name
- DRIPPING SPRINGS NATIONAL BANK
- Location
- DRIPPING SPRINGS, TX
- Failure date
- 1991-07-12
- FDIC resolution date
- 1991-07-12
- Charter type
- National commercial bank (OCC-chartered)
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $4M
- Deposits at failure
- $21M
- Assets at failure
- $20M
- Acquiring bank
- TEXAS BANK (ODESSA, TX)
Other banks TEXAS BANK acquired in FDIC resolutions