Bank failure · TX
Permian Bank (Odessa, TX) — failed July 18, 1986
Permian Bank of Odessa, Texas was closed on July 18, 1986 and resolved through a payout (deposit payoff). 0 (0) took over its insured deposits. At failure it held $41.2M in assets and $38.4M in deposits. The FDIC's estimated loss on the failure is $10.4M (25.3% of assets).
- Closing date
- July 18, 1986
- FDIC certificate #
- 20355
- Resolution
- Payout (deposit payoff) (failure)
- Acquiring institution
- 0
- Insurance fund
- FDIC
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