Bank failure · TX

Chester State Bank (Chester, TX) — failed November 22, 1985

Chester State Bank of Chester, Texas was closed on November 22, 1985 and resolved through a purchase and assumption. Bank of East Texas (TX) took over its insured deposits. At failure it held $11.7M in assets and $11.0M in deposits. The FDIC's estimated loss on the failure is $2.1M (17.8% of assets).