Bank failure · TX

Davy Crockett Fs & LA (Crockett, TX) — failed September 13, 1991

Davy Crockett Fs & LA of Crockett, Texas was closed on September 13, 1991 and resolved through a payout (deposit payoff). Payout (NA) took over its insured deposits. At failure it held $50.5M in assets and $48.3M in deposits. The FDIC's estimated loss on the failure is $2.3M (4.6% of assets).