Bank failure · TX
Troup Bank & Trust Company (Troup, TX) — failed August 24, 1989
Troup Bank & Trust Company of Troup, Texas was closed on August 24, 1989 and resolved through a purchase and assumption. First National Bank of Jack (TX) took over its insured deposits. At failure it held $24.1M in assets and $24.8M in deposits. The FDIC's estimated loss on the failure is $2.4M (10.1% of assets).
- Closing date
- August 24, 1989
- FDIC certificate #
- 5560
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- First National Bank of Jack
- Insurance fund
- BIF
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