Bank failure · TX

First National Bank in Clarksville (Clarksville, TX) — failed January 24, 1985

First National Bank in Clarksville of Clarksville, Texas was closed on January 24, 1985 and resolved through a purchase and assumption. Citizens Bank (TX) took over its insured deposits. At failure it held $35.0M in assets and $33.4M in deposits. The FDIC's estimated loss on the failure is $8.7M (24.9% of assets).