Bank failure · TX

Central National Bank (Dallas, TX) — failed April 7, 1988

Central National Bank of Dallas, Texas was closed on April 7, 1988 and resolved through a purchase and assumption. Deposit Guaranty Bank (TX) took over its insured deposits. At failure it held $15.9M in assets and $17.4M in deposits. The FDIC's estimated loss on the failure is $6.2M (38.7% of assets).