Bank failure · TX

First National Bank in Kaufman (Kaufman, TX) — failed February 7, 1991

First National Bank in Kaufman of Kaufman, Texas was closed on February 7, 1991 and resolved through a purchase and assumption. The Farmers & Merchants Nat (TX) took over its insured deposits. At failure it held $20.4M in assets and $21.0M in deposits. The FDIC's estimated loss on the failure is $3.3M (16.1% of assets).