Bank failure · TX
The Texas Bank & Trust Company (Sweetwater, TX) — failed July 27, 1989
The Texas Bank & Trust Company of Sweetwater, Texas was closed on July 27, 1989 and resolved through a purchase and assumption. First National Bank, Sweetw (TX) took over its insured deposits. At failure it held $33.7M in assets and $33.5M in deposits. The FDIC's estimated loss on the failure is $5.4M (15.9% of assets).
- Closing date
- July 27, 1989
- FDIC certificate #
- 11173
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- First National Bank, Sweetw
- Insurance fund
- FDIC
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