Bank failure · TX
First Bank of Rowlett (Rowlett, TX) — failed March 23, 1989
First Bank of Rowlett of Rowlett, Texas was closed on March 23, 1989 and resolved through a purchase and assumption. Deposit Guaranty Bank (TX) took over its insured deposits. At failure it held $35.6M in assets and $34.8M in deposits. The FDIC's estimated loss on the failure is $6.9M (19.5% of assets).
- Closing date
- March 23, 1989
- FDIC certificate #
- 21538
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Deposit Guaranty Bank
- Insurance fund
- FDIC
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