REAGAN STATE BANK Failed 1991
What happened
REAGAN STATE BANK of BIG LAKE, TX was closed on 1991-10-03. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to SECURITY STATE BANK (MCCAMEY, TX). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 3203
- FDIC Certificate
- 20027
- FDIC FIN
- 4404
- Bank name
- REAGAN STATE BANK
- Location
- BIG LAKE, TX
- Failure date
- 1991-10-03
- FDIC resolution date
- 1991-10-03
- 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.)
- $5M
- Deposits at failure
- $21M
- Assets at failure
- $20M
- Acquiring bank
- SECURITY STATE BANK (MCCAMEY, TX)
Other banks SECURITY STATE BANK acquired in FDIC resolutions