MILLENNIUM STATE BANK OF TEXAS Failed 2009
What happened
MILLENNIUM STATE BANK OF TEXAS of DALLAS, TX was closed on 2009-07-02. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to STATE BANK OF TEXAS (IRVING, TX). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 3645
- FDIC Certificate
- 57667
- FDIC FIN
- 10079
- Bank name
- MILLENNIUM STATE BANK OF TEXAS
- Location
- DALLAS, TX
- Failure date
- 2009-07-02
- FDIC resolution date
- 2009-07-02
- 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.)
- $53M
- Deposits at failure
- $115M
- Assets at failure
- $119M
- Acquiring bank
- STATE BANK OF TEXAS (IRVING, TX)
Other banks STATE BANK OF TEXAS acquired in FDIC resolutions