Bank failure · TX
Rose Capital Bank (Tyler, TX) — failed September 21, 1989
Rose Capital Bank of Tyler, Texas was closed on September 21, 1989 and resolved through a purchase and assumption. First City, Texas-Tyler, NA (TX) took over its insured deposits. At failure it held $62.7M in assets and $60.4M in deposits. The FDIC's estimated loss on the failure is $12.6M (20.2% of assets).
- Closing date
- September 21, 1989
- FDIC certificate #
- 22726
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- First City, Texas-Tyler, NA
- Insurance fund
- BIF
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