Bank failure · TX

First Bank & Trust Co. (Booker, TX) — failed December 18, 1986

First Bank & Trust Co. of Booker, Texas was closed on December 18, 1986 and resolved through a insured deposit transfer. First Nb of Perryton (TX) took over its insured deposits. At failure it held $94.9M in assets and $84.6M in deposits. The FDIC's estimated loss on the failure is $35.8M (37.7% of assets).