Bank failure · TX

First American Bank & Trust of Baytown (Baytown, TX) — failed March 10, 1988

First American Bank & Trust of Baytown of Baytown, Texas was closed on March 10, 1988 and resolved through a purchase and assumption. Citizens B&t Co Baytown (TX) took over its insured deposits. At failure it held $38.2M in assets and $41.0M in deposits. The FDIC's estimated loss on the failure is $16.3M (42.7% of assets).