Bank failure · TX

First Bank & Trust (Tomball, TX) — failed March 31, 1988

First Bank & Trust of Tomball, Texas was closed on March 31, 1988 and resolved through a purchase and assumption. Hamilton National Bank (TX) took over its insured deposits. At failure it held $68.7M in assets and $59.1M in deposits. The FDIC's estimated loss on the failure is $18.7M (27.2% of assets).