Bank failure · TX
Bank of Brazoria (Brazoria, TX) — failed July 2, 1987
Bank of Brazoria of Brazoria, Texas was closed on July 2, 1987 and resolved through a purchase and assumption. Moulton State Bank (TX) took over its insured deposits. At failure it held $24.5M in assets and $24.0M in deposits. The FDIC's estimated loss on the failure is $3.7M (15.2% of assets).
- Closing date
- July 2, 1987
- FDIC certificate #
- 18279
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Moulton State Bank
- Insurance fund
- FDIC
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