Bank failure · TX
People'S Bank & Trust (Borger, TX) — failed May 31, 1996
People'S Bank & Trust of Borger, Texas was closed on May 31, 1996 and resolved through a purchase and assumption. Boatmen'S First Nb of Amari (TX) took over its insured deposits. At failure it held $22.7M in assets and $22.3M in deposits. The FDIC's estimated loss on the failure is $3.4M (14.9% of assets).
- Closing date
- May 31, 1996
- FDIC certificate #
- 18662
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Boatmen'S First Nb of Amari
- Insurance fund
- BIF