TEXAS BK OF AMARILLO Failed 1982

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

What happened

TEXAS BK OF AMARILLO of AMARILLO, TX was closed on 1982-11-05. The FDIC was named receiver.

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

Deposits were transferred to FIRST BANK OF AMARILLO (AMARILLO, TX). Customers became depositors of the acquiring bank automatically.

Key facts

FDIC ID
726
FDIC Certificate
22364
FDIC FIN
2329
Bank name
TEXAS BK OF AMARILLO
Location
AMARILLO, TX
Failure date
1982-11-05
FDIC resolution date
1982-11-05
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.)
$1M
Deposits at failure
$12M
Assets at failure
$13M
Acquiring bank
FIRST BANK OF AMARILLO (AMARILLO, TX)