BROWNFIELD STATE BK & TR CO. Failed 1984

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

What happened

BROWNFIELD STATE BK & TR CO. of BROWNFIELD, TX was closed on 1984-02-17. The FDIC was named receiver.

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

Deposits were transferred to BROWNFIELD STATE BANK (BROWNFIELD, TX). Customers became depositors of the acquiring bank automatically.

Key facts

FDIC ID
851
FDIC Certificate
1177
FDIC FIN
2375
Bank name
BROWNFIELD STATE BK & TR CO.
Location
BROWNFIELD, TX
Failure date
1984-02-17
FDIC resolution date
1984-02-17
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
$38M
Assets at failure
$39M
Acquiring bank
BROWNFIELD STATE BANK (BROWNFIELD, TX)