Bank failure · TX
Farmers State Bank of Brookshire (Brookshire, TX) — failed May 24, 1990
Farmers State Bank of Brookshire of Brookshire, Texas was closed on May 24, 1990 and resolved through a purchase and assumption. First Bank (TX) took over its insured deposits. At failure it held $19.4M in assets and $19.6M in deposits. The FDIC's estimated loss on the failure is $3.3M (17.1% of assets).
- Closing date
- May 24, 1990
- FDIC certificate #
- 15366
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- First Bank
- Insurance fund
- BIF
Other failures in 1990
- Capitol Bank and Trust Company MA
- First Fs & LA of Andalusia AL
- Southern Fs LA
- Enterprise Savings Bank, Fa IL
- Arkansas FSB AR
- Mid-America Fs & LA OH
- Far Western Bank CA
- Home Federal Bank for Savings IL
- Community Fs & LA MO
- Frontier Savings Association NV
- Old Borough Savings & Loan NJ
- The State Bank of Omaha TX
- Comfed Savings Bank MA
- Peoples State Bank TX
- Empire Savings Bank NJ
- Olympic Federal Savings IL
- First Commercial Bank of Florida FL
- Washington County State Bank TX
- First State Bank OK
- Bank of Commerce LA
- New England Allbank for Savings MA
- First National Bank of Rowlett TX
- Heights Bank TX
- Texarkana Fs & LA AR