TellerScore

Bank failure · TX

Ingram State Bank (Ingram, TX) — failed September 14, 1990

Ingram State Bank of Ingram, Texas was closed on September 14, 1990 and resolved through a payout (deposit payoff). 0 (0) took over its insured deposits. At failure it held $23.5M in assets and $23.2M in deposits. The FDIC's estimated loss on the failure is $1.3M (5.6% of assets).

Closing date
September 14, 1990
FDIC certificate #
22642
Resolution
Payout (deposit payoff) (failure)
Acquiring institution
0
Insurance fund
BIF

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What happens when a bank fails