Bank failure · TX
Beaumont Bank-National Association (Beaumont, TX) — failed October 19, 1989
Beaumont Bank-National Association of Beaumont, Texas was closed on October 19, 1989 and resolved through a purchase and assumption. Texas Commerce Bank-Beaumon (TX) took over its insured deposits. At failure it held $29.2M in assets and $26.9M in deposits. The FDIC's estimated loss on the failure is $5.4M (18.4% of assets).
- Closing date
- October 19, 1989
- FDIC certificate #
- 25061
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Texas Commerce Bank-Beaumon
- Insurance fund
- BIF
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