Bank failure · TX

First National Bank, Bedford (Bedford, TX) — failed October 24, 1991

First National Bank, Bedford of Bedford, Texas was closed on October 24, 1991 and resolved through a purchase and assumption. First International Bank (TX) took over its insured deposits. At failure it held $23.2M in assets and $23.3M in deposits. The FDIC's estimated loss on the failure is $2.4M (10.3% of assets).