Bank failure · TX
Bank of Sierra Blanca (Sierra Blanca, TX) — failed January 18, 2002
Bank of Sierra Blanca of Sierra Blanca, Texas was closed on January 18, 2002 and resolved through a purchase and assumption (insured deposits). The Security State Bank of (TX) took over its insured deposits. At failure it held $10.8M in assets and $9.9M in deposits. The FDIC's estimated loss on the failure is $4.6M (42.5% of assets).
- Closing date
- January 18, 2002
- FDIC certificate #
- 22002
- Resolution
- Purchase and assumption (insured deposits) (failure)
- Acquiring institution
- The Security State Bank of
- Insurance fund
- BIF
- Pre-failure filings
- Last reported financials