EAST TEXAS NB OF MARSHALL Failed 1999
What happened
EAST TEXAS NB OF MARSHALL of MARSHALL, TX was closed on 1999-07-09. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to FREDONIA STATE BANK (NACOGDOCHES, TX). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 3518
- FDIC Certificate
- 25272
- FDIC FIN
- 4636
- Bank name
- EAST TEXAS NB OF MARSHALL
- Location
- MARSHALL, TX
- Failure date
- 1999-07-09
- FDIC resolution date
- 1999-07-09
- Charter type
- National commercial bank (OCC-chartered)
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $10M
- Deposits at failure
- $113M
- Assets at failure
- $122M
- Acquiring bank
- FREDONIA STATE BANK (NACOGDOCHES, TX)
Other banks FREDONIA STATE BANK acquired in FDIC resolutions