Bank failure · TX
Farmers State Bank of Shiro, Texas (Shiro, TX) — failed January 25, 1990
Farmers State Bank of Shiro, Texas of Shiro, Texas was closed on January 25, 1990 and resolved through a purchase and assumption. The First National Bank of (TX) took over its insured deposits. At failure it held $4.6M in assets and $4.4M in deposits. The FDIC's estimated loss on the failure is $2.1M (46.0% of assets).
- Closing date
- January 25, 1990
- FDIC certificate #
- 1215
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- The First National Bank of
- Insurance fund
- BIF
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