Bank failure · TX
Farmers State Bank (Hart, TX) — failed February 26, 1987
Farmers State Bank of Hart, Texas was closed on February 26, 1987 and resolved through a purchase and assumption. Hale County State Bank (TX) took over its insured deposits. At failure it held $9.8M in assets and $9.6M in deposits. The FDIC's estimated loss on the failure is $1.2M (12.7% of assets).
- Closing date
- February 26, 1987
- FDIC certificate #
- 17947
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Hale County State Bank
- Insurance fund
- FDIC
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