Bank failure · TX

First Bankers Trust (Midland, TX) — failed June 8, 1990

First Bankers Trust of Midland, Texas was closed on June 8, 1990 and resolved through a payout (deposit payoff). Payout (NA) took over its insured deposits. At failure it held $103.6M in assets and $93.5M in deposits. The FDIC's estimated loss on the failure is $14.5M (14.0% of assets).