Bank failure · TX

American Bank of Haltom City (Haltom City, TX) — failed February 5, 1993

American Bank of Haltom City of Haltom City, Texas was closed on February 5, 1993 and resolved through a purchase and assumption (insured deposits). Central Bank&trust (TX) took over its insured deposits. At failure it held $99.5M in assets and $100.2M in deposits. The FDIC's estimated loss on the failure is $14.5M (14.5% of assets).