Bank failure · TX
Bowie National Bank (Bowie, TX) — failed January 8, 1987
Bowie National Bank of Bowie, Texas was closed on January 8, 1987 and resolved through a purchase and assumption. Bowie State Bank (TX) took over its insured deposits. At failure it held $12.3M in assets and $12.4M in deposits. The FDIC's estimated loss on the failure is $800K (6.5% of assets).
- Closing date
- January 8, 1987
- FDIC certificate #
- 18756
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Bowie State Bank
- Insurance fund
- FDIC
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