Bank failure · TX

First Fsa of Nacogdoches (Nacogdoches, TX) — failed November 30, 1990

First Fsa of Nacogdoches of Nacogdoches, Texas was closed on November 30, 1990 and resolved through a purchase and assumption. Citizens Bank (TX) took over its insured deposits. At failure it held $61.9M in assets and $51.8M in deposits. The FDIC's estimated loss on the failure is $22.3M (36.0% of assets).