Bank failure · TX
Panhandle Bank & Trust Company (Borger, TX) — failed December 4, 1986
Panhandle Bank & Trust Company of Borger, Texas was closed on December 4, 1986 and resolved through a purchase and assumption. Amarillo National Bank (TX) took over its insured deposits. At failure it held $112.1M in assets and $99.9M in deposits. The FDIC's estimated loss on the failure is $17.8M (15.8% of assets).
- Closing date
- December 4, 1986
- FDIC certificate #
- 15371
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Amarillo National Bank
- Insurance fund
- FDIC
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