Bank failure · TX
Canyon Lake Bank (Canyon Lake, TX) — failed December 14, 1989
Canyon Lake Bank of Canyon Lake, Texas was closed on December 14, 1989 and resolved through a purchase and assumption. Victoria Bank & Trust Compa (TX) took over its insured deposits. At failure it held $31.0M in assets and $32.1M in deposits. The FDIC's estimated loss on the failure is $9.2M (29.8% of assets).
- Closing date
- December 14, 1989
- FDIC certificate #
- 20918
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Victoria Bank & Trust Compa
- Insurance fund
- BIF
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