Bank failure · TX

First National Bank of Atascocita (Harris County, TX) — failed September 1, 1988

First National Bank of Atascocita of Harris County, Texas was closed on September 1, 1988 and resolved through a purchase and assumption. First Interstate Bk of T (TX) took over its insured deposits. At failure it held $9.4M in assets and $10.8M in deposits. The FDIC's estimated loss on the failure is $2.8M (30.3% of assets).