Bank failure · TX

Dripping Springs National Bank (Dripping Springs, TX) — failed July 12, 1991

Dripping Springs National Bank of Dripping Springs, Texas was closed on July 12, 1991 and resolved through a purchase and assumption. Texas Bank (TX) took over its insured deposits. At failure it held $20.2M in assets and $20.5M in deposits. The FDIC's estimated loss on the failure is $3.7M (18.2% of assets).