Bank failure · TX
First Consolidated Bank - Rosebud (Rosebud, TX) — failed October 20, 1989
First Consolidated Bank - Rosebud of Rosebud, Texas was closed on October 20, 1989 and resolved through a purchase and assumption. First City, Texas - Bryan, (TX) took over its insured deposits. At failure it held $17.1M in assets and $16.5M in deposits. The FDIC's estimated loss on the failure is $4.5M (26.2% of assets).
- Closing date
- October 20, 1989
- FDIC certificate #
- 5498
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- First City, Texas - Bryan,
- Insurance fund
- BIF
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