Bank failure · TX
Bank of East Texas (Tyler, TX) — failed June 21, 1990
Bank of East Texas of Tyler, Texas was closed on June 21, 1990 and resolved through a purchase and assumption. Chandler State Bank (TX) took over its insured deposits. At failure it held $11.0M in assets and $11.2M in deposits. The FDIC's estimated loss on the failure is $3.5M (31.7% of assets).
- Closing date
- June 21, 1990
- FDIC certificate #
- 24864
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Chandler State Bank
- Insurance fund
- BIF
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