EAST TEXAS BK & TR CO. Failed 1984
What happened
EAST TEXAS BK & TR CO. of LONGVIEW, TX was closed on 1984-06-29. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to TEXAS NATIONAL BANK (LONGVIEW, TX). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 894
- FDIC Certificate
- 16654
- FDIC FIN
- 2398
- Bank name
- EAST TEXAS BK & TR CO.
- Location
- LONGVIEW, TX
- Failure date
- 1984-06-29
- FDIC resolution date
- 1984-06-29
- 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.)
- $20M
- Deposits at failure
- $97M
- Assets at failure
- $106M
- Acquiring bank
- TEXAS NATIONAL BANK (LONGVIEW, TX)
Other banks TEXAS NATIONAL BANK acquired in FDIC resolutions