Bank failure · TX
Danbury Bank (Danbury, TX) — failed August 21, 1986
Danbury Bank of Danbury, Texas was closed on August 21, 1986 and resolved through a purchase and assumption. Danbury State Bank (TX) took over its insured deposits. At failure it held $9.4M in assets and $9.6M in deposits. The FDIC's estimated loss on the failure is $2.5M (26.8% of assets).
- Closing date
- August 21, 1986
- FDIC certificate #
- 20116
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Danbury State Bank
- Insurance fund
- FDIC
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