Bank failure · TX

First National Bank (Snyder, TX) — failed May 4, 1984

First National Bank of Snyder, Texas was closed on May 4, 1984 and resolved through a insured deposit transfer. American Stb of Snyder (TX) took over its insured deposits. At failure it held $23.5M in assets and $22.2M in deposits. The FDIC's estimated loss on the failure is $754K (3.2% of assets).