RED BIRD BANK OF DALLAS Failed 1992
What happened
RED BIRD BANK OF DALLAS of DALLAS, TX was closed on 1992-04-09. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to BANK OF THE SW OF DALLAS (DALLAS, TX). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 3306
- FDIC Certificate
- 20413
- FDIC FIN
- 4473
- Bank name
- RED BIRD BANK OF DALLAS
- Location
- DALLAS, TX
- Failure date
- 1992-04-09
- FDIC resolution date
- 1992-04-09
- 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
- $38M
- Assets at failure
- $39M
- Acquiring bank
- BANK OF THE SW OF DALLAS (DALLAS, TX)