Bank failure · TX

Citizens National Bank (El Campo, TX) — failed August 30, 1990

Citizens National Bank of El Campo, Texas was closed on August 30, 1990 and resolved through a insured deposit transfer. First Bank (TX) took over its insured deposits. At failure it held $51.3M in assets and $53.2M in deposits. The FDIC's estimated loss on the failure is $10.2M (19.8% of assets).