Bank failure · TX
Crossroads Bank (Victoria, TX) — failed March 14, 1991
Crossroads Bank of Victoria, Texas was closed on March 14, 1991 and resolved through a purchase and assumption. Victoria Bank & Trust Compa (TX) took over its insured deposits. At failure it held $22.4M in assets and $22.7M in deposits. The FDIC's estimated loss on the failure is $4.0M (17.7% of assets).
- Closing date
- March 14, 1991
- FDIC certificate #
- 18844
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Victoria Bank & Trust Compa
- Insurance fund
- BIF
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