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Failed Bank Information for Sanderson State Bank, Sanderson, TX

On Friday, December 12, 2008, Sanderson State Bank was closed by the Texas Department of Banking. The FDIC was named Receiver. The Pecos County State Bank, Ft. Stockton, TX acquired all deposit accounts.

The FDIC as Receiver for Sanderson State Bank, Sanderson, TX has taken all actions necessary to terminate the Receivership Estate. The Receiver published a legal notice of intent to terminate the receivership on March 30, 2022 and has made all dividend distributions required by law.

Effective November 1, 2022, the Receiver was discharged and the Receivership Estate was terminated and ceased existence as a legal entity.

Receivership Status

TERMINATED

Notice of Termination

Effective Date: November 1, 2022


Notice of Intent to Terminate

Publication Date: March 30, 2022

Dividend Information

Report on dividends paid


Press Release

Official press release

cautionBeware of scams!

Please be advised you will not receive any email notification to claim, unlock or suspend your account or to provide any private information. Please be aware of any phishing scams to obtain information from you.

caution

Beware of scams!
Please be advised you will not receive any email notification to claim/unlock/suspend your account or to provide any private information. Please be aware of any phishing scams to obtain information from you.

ACQUIRING INSTITUTION: THE PECOS COUNTY STATE BANK

About The Pecos County State Bank

All deposit accounts, including brokered deposits, were transferred to The Pecos County State Bank, Ft. Stockton, TX ("assuming institution"). Former Sanderson State Bank locations reopened as branches of The Pecos County State Bank.

Your transferred deposits were separately insured from any accounts you may have already had at The Pecos County State Bank for at least six months after the failure of Sanderson State Bank.

You may withdraw your funds from any transferred account without an early withdrawal penalty until you enter into a new deposit agreement with The Pecos County State Bank as long as the deposits are not pledged as collateral for loans.

Contacting The Pecos County State Bank

You can contact The Pecos County State Bank:

The Pecos County State Bank
500 North Main Street
Fort Stockton, TX 79735

The Pecos County State Bank (www.pcsbank.net)

Transaction Documentation

Purchase & Assumption Agreement - PDF
Agreement between FDIC and acquiring institution