FIRST STATE BANK Failed 1993
What happened
FIRST STATE BANK of VEGA, TX was closed on 1993-04-01. The FDIC was named receiver.
Resolution: Payout / Insured deposits — FDIC paid insured deposits directly to depositors
Deposits were transferred to CITIZENS STB OF DALHART (DALHART, TX). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 3444
- FDIC Certificate
- 11890
- FDIC FIN
- 4569
- Bank name
- FIRST STATE BANK
- Location
- VEGA, TX
- Failure date
- 1993-04-01
- FDIC resolution date
- 1993-04-01
- Charter type
- State commercial bank, non-Federal Reserve member (FDIC-supervised)
- Resolution type
- Payout / Insured deposits — FDIC paid insured deposits directly to depositors
- FDIC DIF cost (est.)
- $3M
- Deposits at failure
- $21M
- Assets at failure
- $21M
- Acquiring bank
- CITIZENS STB OF DALHART (DALHART, TX)
Other banks CITIZENS STB OF DALHART acquired in FDIC resolutions