Bank failure · TX
Sanderson State Bank (Sanderson, TX) — failed December 12, 2008
Sanderson State Bank of Sanderson, Texas was closed on December 12, 2008 and resolved through a purchase and assumption. The Pecos County Bank (TX) took over its insured deposits. At failure it held $38.2M in assets and $32.0M in deposits. The FDIC's estimated loss on the failure is $7.7M (20.2% of assets).
- Closing date
- December 12, 2008
- FDIC certificate #
- 11568
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- The Pecos County Bank
- Insurance fund
- DIF
- Pre-failure filings
- Last reported financials
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