Bank failure · TX
The Energy Bank, N.A. (Dallas, TX) — failed May 16, 1985
The Energy Bank, N.A. of Dallas, Texas was closed on May 16, 1985 and resolved through a purchase and assumption. Oaks Bank&trust Co (TX) took over its insured deposits. At failure it held $29.7M in assets and $27.4M in deposits. The FDIC's estimated loss on the failure is $7.5M (25.2% of assets).
- Closing date
- May 16, 1985
- FDIC certificate #
- 23889
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Oaks Bank&trust Co
- Insurance fund
- FDIC
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