FIRST STATE BANK Failed 1992
What happened
FIRST STATE BANK of BANGS, TX was closed on 1992-01-23. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to TEXAS BANK (BROWNWOOD, TX). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 3258
- FDIC Certificate
- 11138
- FDIC FIN
- 4439
- Bank name
- FIRST STATE BANK
- Location
- BANGS, TX
- Failure date
- 1992-01-23
- FDIC resolution date
- 1992-01-23
- 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.)
- $3M
- Deposits at failure
- $16M
- Assets at failure
- $17M
- Acquiring bank
- TEXAS BANK (BROWNWOOD, TX)
Other banks TEXAS BANK acquired in FDIC resolutions