Bank failure · TX

American National Bank (Stafford, TX) — failed February 25, 1988

American National Bank of Stafford, Texas was closed on February 25, 1988 and resolved through a purchase and assumption. Park Nb of Houston (TX) took over its insured deposits. At failure it held $31.3M in assets and $30.4M in deposits. The FDIC's estimated loss on the failure is $9.2M (29.3% of assets).