Bank failure · TX

East Texas Bk & Tr Co. (Longview, TX) — failed June 29, 1984

East Texas Bk & Tr Co. of Longview, Texas was closed on June 29, 1984 and resolved through a purchase and assumption. Texas National Bank (TX) took over its insured deposits. At failure it held $106.1M in assets and $97.1M in deposits. The FDIC's estimated loss on the failure is $19.9M (18.7% of assets).