Bank failure · TX

Collin County State Bank (Melissa, TX) — failed February 25, 1988

Collin County State Bank of Melissa, Texas was closed on February 25, 1988 and resolved through a purchase and assumption. Willow Bend National Ban (TX) took over its insured deposits. At failure it held $12.5M in assets and $12.6M in deposits. The FDIC's estimated loss on the failure is $3.4M (27.5% of assets).