Bank failure · TX
Bacliff Bank, National Association (Bacliff, TX) — failed June 28, 1990
Bacliff Bank, National Association of Bacliff, Texas was closed on June 28, 1990 and resolved through a purchase and assumption. The Citizens State Bank of (TX) took over its insured deposits. At failure it held $7.1M in assets and $7.8M in deposits. The FDIC's estimated loss on the failure is $1.6M (22.5% of assets).
- Closing date
- June 28, 1990
- FDIC certificate #
- 25874
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- The Citizens State Bank of
- Insurance fund
- BIF
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