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Bank failure · TX

Texas Premier Bank of Victoria, National a (Victoria, TX) — failed June 13, 1991

Texas Premier Bank of Victoria, National a of Victoria, Texas was closed on June 13, 1991 and resolved through a purchase and assumption. Victoria Bank and Trust Com (TX) took over its insured deposits. At failure it held $15.4M in assets and $15.3M in deposits. The FDIC's estimated loss on the failure is $1.2M (8.1% of assets).

Closing date
June 13, 1991
FDIC certificate #
27274
Resolution
Purchase and assumption (failure)
Acquiring institution
Victoria Bank and Trust Com
Insurance fund
BIF

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What happens when a bank fails