Bank failure · TX
Bright Banc (Dallas, TX) — failed February 10, 1989
Bright Banc of Dallas, Texas was closed on February 10, 1989 and resolved through a purchase and assumption. Banc One FSB (OH) took over its insured deposits. At failure it held $4.4B in assets and $3.0B in deposits. The FDIC's estimated loss on the failure is $1.3B (29.8% of assets).
- Closing date
- February 10, 1989
- FDIC certificate #
- 31095
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Banc One FSB
- Insurance fund
- RTC
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