Bank failure · TX

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

First American Bank & Trust of Manvel of Manvel, Texas was closed on March 10, 1988 and resolved through a insured deposit transfer. First National Bank of a (TX) took over its insured deposits. At failure it held $12.3M in assets and $11.7M in deposits. The FDIC's estimated loss on the failure is $3.5M (28.7% of assets).