Bank failure · TX
Bear Creek National Bank (Bear Creek, TX) — failed January 29, 1987
Bear Creek National Bank of Bear Creek, Texas was closed on January 29, 1987 and resolved through a purchase and assumption. Jersey Village Bank (TX) took over its insured deposits. At failure it held $26.6M in assets and $26.0M in deposits. The FDIC's estimated loss on the failure is $7.5M (28.4% of assets).
- Closing date
- January 29, 1987
- FDIC certificate #
- 25633
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Jersey Village Bank
- Insurance fund
- FDIC
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