Bank failure · TX
Bay City Bank & Trust Co. (Bay City, TX) — failed August 30, 1990
Bay City Bank & Trust Co. of Bay City, Texas was closed on August 30, 1990 and resolved through a insured deposit transfer. First State Bank and Trust (TX) took over its insured deposits. At failure it held $79.6M in assets and $82.7M in deposits. The FDIC's estimated loss on the failure is $22.3M (28.0% of assets).
- Closing date
- August 30, 1990
- FDIC certificate #
- 10350
- Resolution
- Insured deposit transfer (failure)
- Acquiring institution
- First State Bank and Trust
- Insurance fund
- BIF
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