Bank failure · TX
Sweeney Bank (Sweeney, TX) — failed March 19, 1987
Sweeney Bank of Sweeney, Texas was closed on March 19, 1987 and resolved through a purchase and assumption. First State Bank (TX) took over its insured deposits. At failure it held $19.7M in assets and $20.1M in deposits. The FDIC's estimated loss on the failure is $6.0M (30.3% of assets).
- Closing date
- March 19, 1987
- FDIC certificate #
- 16856
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- First State Bank
- Insurance fund
- FDIC
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