Bank failure · TX
Waxahachie Bank & Trust Company (Waxahachie, TX) — failed September 10, 1987
Waxahachie Bank & Trust Company of Waxahachie, Texas was closed on September 10, 1987 and resolved through a purchase and assumption. Merchants State Bank (TX) took over its insured deposits. At failure it held $68.9M in assets and $66.2M in deposits. The FDIC's estimated loss on the failure is $21.7M (31.6% of assets).
- Closing date
- September 10, 1987
- FDIC certificate #
- 10711
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Merchants State Bank
- Insurance fund
- FDIC
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