FRANKLIN BANK, SSB Failed 2008
What happened
FRANKLIN BANK, SSB of HOUSTON, TX was closed on 2008-11-07. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to PROSPERITY BANK (EL CAMPO, TX). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 3574
- FDIC Certificate
- 26870
- FDIC FIN
- 10021
- Bank name
- FRANKLIN BANK, SSB
- Location
- HOUSTON, TX
- Failure date
- 2008-11-07
- FDIC resolution date
- 2008-11-07
- Charter type
- SI
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $614M
- Deposits at failure
- $3,693M
- Assets at failure
- $5,089M
- Acquiring bank
- PROSPERITY BANK (EL CAMPO, TX)