Bank Failure
Bay City Bank & Trust Co.
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Closed August 30, 1990 · Bay City, TX · FDIC Cert #10350.
- Closing date
- August 30, 1990
- Headquarters
- Bay City, TX
- FDIC Certificate
- 10350
- Total assets at closing
- $79.6M
- Total deposits at closing
- $82.7M
- Estimated loss to the insurance fund
- $22.3M
- Insurance fund
- Bank Insurance Fund (BIF)
- Resolution
- Failure (closed by regulators)
- Acquirer
- First State Bank and Trust
Context
On August 30, 1990, regulators closed Bay City Bank & Trust Co., headquartered in Bay City, TX. At closing, the institution held approximately $79.6M in assets and $82.7M in deposits. The FDIC record names First State Bank and Trust as the acquiring institution in the resolution. The estimated cost to the Bank Insurance Fund (BIF) was approximately $22.3M.
By assets at closing this is the 1342nd largest of the 3,526 bank failures in the FDIC record, and the 171st of 381 in 1990. It falls in the period the record labels S&L / Banking Crisis (1980-1995), a period with 2,367 failures peaking at 530 in 1989.
Deregulation, interest-rate shocks, and commercial real estate blowups produced the worst US banking failure wave since the Depression. Resulted in FIRREA (1989) and the RTC.
Source: FDIC Failed Banks list. Asset and deposit values reflect the most recent regulatory filing prior to closing.
Common questions
When did Bay City Bank & Trust Co. fail?
Bay City Bank & Trust Co. was closed by regulators on August 30, 1990.
Who acquired Bay City Bank & Trust Co.?
The FDIC record names First State Bank and Trust as the acquiring institution in the resolution of Bay City Bank & Trust Co.
How big was Bay City Bank & Trust Co. when it failed?
Bay City Bank & Trust Co. had approximately $79.6M in total assets and $82.7M in deposits at the time of failure.
Other failures in 1990
| Date | Bank | Assets |
|---|---|---|
| Dec 28, 1990 | Capitol Bank and Trust Company | $485.6M |
| Dec 28, 1990 | Southern FS | $230.8M |
| Dec 28, 1990 | First FS & La of Andalusia | $38.7M |
| Dec 27, 1990 | Enterprise Savings Bank, F.A. | $432.6M |
| Dec 21, 1990 | Arkansas FSB | $71.7M |
| Dec 15, 1990 | Mid-America FS & La | $1.21B |
| Dec 14, 1990 | Community FS & La | $1.98B |
| Dec 14, 1990 | Comfed Savings Bank | $1.40B |
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