Bank failure · TX

Buchel Bank & Trust Co. (Cuero, TX) — failed August 22, 1991

Buchel Bank & Trust Co. of Cuero, Texas was closed on August 22, 1991 and resolved through a purchase and assumption. First Bank (TX) took over its insured deposits. At failure it held $25.0M in assets and $24.8M in deposits. The FDIC's estimated loss on the failure is $1.3M (5.0% of assets).