BANK OF SIERRA BLANCA Failed 2002
What happened
BANK OF SIERRA BLANCA of SIERRA BLANCA, TX was closed on 2002-01-18. The FDIC was named receiver.
Resolution: Payout / Insured deposits — FDIC paid insured deposits directly to depositors
Deposits were transferred to THE SECURITY STATE BANK OF (PECOS, TX). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 3536
- FDIC Certificate
- 22002
- FDIC FIN
- 4651
- Bank name
- BANK OF SIERRA BLANCA
- Location
- SIERRA BLANCA, TX
- Failure date
- 2002-01-18
- FDIC resolution date
- 2002-01-18
- 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.)
- $5M
- Deposits at failure
- $10M
- Assets at failure
- $11M
- Acquiring bank
- THE SECURITY STATE BANK OF (PECOS, TX)