Bank failure · TX

East Texas Nb of Marshall (Marshall, TX) — failed July 9, 1999

East Texas Nb of Marshall of Marshall, Texas was closed on July 9, 1999 and resolved through a purchase and assumption. Fredonia State Bank (TX) took over its insured deposits. At failure it held $121.6M in assets and $113.1M in deposits. The FDIC's estimated loss on the failure is $9.9M (8.1% of assets).