Bank failure · TX

First Mexia Bank (Mexia, TX) — failed August 22, 1991

First Mexia Bank of Mexia, Texas was closed on August 22, 1991 and resolved through a purchase and assumption. The East Texas National Ban (TX) took over its insured deposits. At failure it held $22.5M in assets and $22.4M in deposits. The FDIC's estimated loss on the failure is $3.7M (16.6% of assets).