Bank failure · TX

American National Bank (Tyler, TX) — failed November 10, 1988

American National Bank of Tyler, Texas was closed on November 10, 1988 and resolved through a purchase and assumption. First Nb of Winnsboro (TX) took over its insured deposits. At failure it held $22.4M in assets and $22.9M in deposits. The FDIC's estimated loss on the failure is $5.3M (23.8% of assets).