Bank failure · TX
First Bank & Trust (Bryan, TX) — failed February 9, 1989
First Bank & Trust of Bryan, Texas was closed on February 9, 1989 and resolved through a purchase and assumption. First American Bank (TX) took over its insured deposits. At failure it held $148.1M in assets and $144.7M in deposits. The FDIC's estimated loss on the failure is $30.0M (20.3% of assets).
- Closing date
- February 9, 1989
- FDIC certificate #
- 1178
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- First American Bank
- Insurance fund
- FDIC
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