THE ENERGY BANK, N.A. Failed 1985
What happened
THE ENERGY BANK, N.A. of DALLAS, TX was closed on 1985-05-16. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to OAKS BANK&TRUST CO (DALLAS, TX). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 993
- FDIC Certificate
- 23889
- FDIC FIN
- 2464
- Bank name
- THE ENERGY BANK, N.A.
- Location
- DALLAS, TX
- Failure date
- 1985-05-16
- FDIC resolution date
- 1985-05-16
- Charter type
- National commercial bank (OCC-chartered)
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $7M
- Deposits at failure
- $27M
- Assets at failure
- $30M
- Acquiring bank
- OAKS BANK&TRUST CO (DALLAS, TX)