Bank failure · TX
Aledo State Bank (Aledo, TX) — failed December 7, 1989
Aledo State Bank of Aledo, Texas was closed on December 7, 1989 and resolved through a purchase and assumption. Citizens National Bank of W (TX) took over its insured deposits. At failure it held $9.9M in assets and $9.7M in deposits. The FDIC's estimated loss on the failure is $407K (4.1% of assets).
- Closing date
- December 7, 1989
- FDIC certificate #
- 22593
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Citizens National Bank of W
- Insurance fund
- BIF
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