FREEDOM BANK Failed 1992
What happened
FREEDOM BANK of RANGER, TX was closed on 1992-10-16. The FDIC was named receiver.
Resolution: A/A
Deposits were transferred to PEOPLES STATE BANK (CLYDE, TX). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 3382
- FDIC Certificate
- 15579
- FDIC FIN
- 1998
- Bank name
- FREEDOM BANK
- Location
- RANGER, TX
- Failure date
- 1992-10-16
- FDIC resolution date
- 1992-10-16
- Charter type
- State commercial bank, non-Federal Reserve member (FDIC-supervised)
- Resolution type
- A/A
- FDIC DIF cost (est.)
- $0M
- Deposits at failure
- $20M
- Assets at failure
- $21M
- Acquiring bank
- PEOPLES STATE BANK (CLYDE, TX)
Other banks PEOPLES STATE BANK acquired in FDIC resolutions