Bank failure · TX

First Bank & Trust Company (Cedar Hill, TX) — failed April 5, 1990

First Bank & Trust Company of Cedar Hill, Texas was closed on April 5, 1990 and resolved through a purchase and assumption. Ncnb Texas National Bank (TX) took over its insured deposits. At failure it held $13.8M in assets and $13.1M in deposits. The FDIC's estimated loss on the failure is $1.7M (12.1% of assets).