Bank failure · TX

Bank of Dallas (Dallas, TX) — failed February 5, 1988

Bank of Dallas of Dallas, Texas was closed on February 5, 1988 and resolved through a purchase and assumption. Deposit Guaranty Bank (TX) took over its insured deposits. At failure it held $207.8M in assets and $202.7M in deposits. The FDIC's estimated loss on the failure is $70.6M (34.0% of assets).