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Bank failure · TX

Executive Center Bank, N.A. (Dallas, TX) — failed February 14, 1986

Executive Center Bank, N.A. of Dallas, Texas was closed on February 14, 1986 and resolved through a payout (deposit payoff). 0 (0) took over its insured deposits. At failure it held $9.9M in assets and $9.6M in deposits. The FDIC's estimated loss on the failure is $3.2M (32.4% of assets).

Closing date
February 14, 1986
FDIC certificate #
25162
Resolution
Payout (deposit payoff) (failure)
Acquiring institution
0
Insurance fund
FDIC

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What happens when a bank fails