Bank failure · TX

Brownfield State Bk & Tr Co. (Brownfield, TX) — failed February 17, 1984

Brownfield State Bk & Tr Co. of Brownfield, Texas was closed on February 17, 1984 and resolved through a purchase and assumption. Brownfield State Bank (TX) took over its insured deposits. At failure it held $38.9M in assets and $37.6M in deposits. The FDIC's estimated loss on the failure is $7.6M (19.5% of assets).