SANDERSON STATE BANK Failed 2008

SANDERSON, TX · State commercial bank, non-Federal Reserve member (FDIC-supervised) · view on FDIC BankFind ↗

What happened

SANDERSON STATE BANK of SANDERSON, TX was closed on 2008-12-12. The FDIC was named receiver.

Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets

Deposits were transferred to THE PECOS COUNTY BANK (FORT STOCKTON, TX). Customers became depositors of the acquiring bank automatically.

Key facts

FDIC ID
3584
FDIC Certificate
11568
FDIC FIN
10026
Bank name
SANDERSON STATE BANK
Location
SANDERSON, TX
Failure date
2008-12-12
FDIC resolution date
2008-12-12
Charter type
State commercial bank, non-Federal Reserve member (FDIC-supervised)
Resolution type
Purchase & Assumption — acquiring bank assumed deposits + bought assets
FDIC DIF cost (est.)
$8M
Deposits at failure
$32M
Assets at failure
$38M
Acquiring bank
THE PECOS COUNTY BANK (FORT STOCKTON, TX)