Bank failure · TX

Community Bank & Trust (Rockdale, TX) — failed September 22, 1988

Community Bank & Trust of Rockdale, Texas was closed on September 22, 1988 and resolved through a purchase and assumption. Citizens Nb of Cameron (TX) took over its insured deposits. At failure it held $14.9M in assets and $14.3M in deposits. The FDIC's estimated loss on the failure is $3.7M (24.7% of assets).