Bank Failure
Texas Community Bank, N.A.
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Closed December 13, 2013 · The Woodlands, TX · FDIC Cert #57431.
- Closing date
- December 13, 2013
- Headquarters
- The Woodlands, TX
- FDIC Certificate
- 57431
- Total assets at closing
- $159.3M
- Total deposits at closing
- $142.6M
- Estimated loss to the insurance fund
- $14.2M
- Insurance fund
- Deposit Insurance Fund (DIF)
- Resolution
- Failure (closed by regulators)
- Acquirer
- Spirit of Texas Bank, SSB
Context
On December 13, 2013, regulators closed Texas Community Bank, N.A., headquartered in The Woodlands, TX. At closing, the institution held approximately $159.3M in assets and $142.6M in deposits. The FDIC record names Spirit of Texas Bank, SSB as the acquiring institution in the resolution. The estimated cost to the Deposit Insurance Fund (DIF) was approximately $14.2M.
By assets at closing this is the 905th largest of the 3,526 bank failures in the FDIC record, and the 8th of 24 in 2013. It falls in the period the record labels Global Financial Crisis (2008-2013), a period with 489 failures peaking at 157 in 2010.
Source: FDIC Failed Banks list. Asset and deposit values reflect the most recent regulatory filing prior to closing.
Common questions
When did Texas Community Bank, N.A. fail?
Texas Community Bank, N.A. was closed by regulators on December 13, 2013.
Who acquired Texas Community Bank, N.A.?
The FDIC record names Spirit of Texas Bank, SSB as the acquiring institution in the resolution of Texas Community Bank, N.A.
How big was Texas Community Bank, N.A. when it failed?
Texas Community Bank, N.A. had approximately $159.3M in total assets and $142.6M in deposits at the time of failure.
Other failures in 2013
| Date | Bank | Assets |
|---|---|---|
| Oct 30, 2013 | Bank of Jackson County | $24.7M |
| Sep 13, 2013 | First National Bank | $3.09B |
| Sep 13, 2013 | The Community's Bank | $26.4M |
| Aug 23, 2013 | Community South Bank | $386.9M |
| Aug 23, 2013 | Sunrise Bank of Arizona | $202.2M |
| Aug 9, 2013 | Bank of Wausau | $43.6M |
| Aug 2, 2013 | First Community Bank of Southwest Florida | $247.3M |
| Jun 7, 2013 | Mountain National Bank | $437.3M |
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