Bank failure · TX

Commercial State Bank (San Augustine, TX) — failed September 1, 1988

Commercial State Bank of San Augustine, Texas was closed on September 1, 1988 and resolved through a insured deposit transfer. Hamilton National Bank (TX) took over its insured deposits. At failure it held $25.6M in assets and $26.1M in deposits. The FDIC's estimated loss on the failure is $1.7M (6.8% of assets).