Bank failure · TX

First National Bank of Borger (Borger, TX) — failed June 19, 1986

First National Bank of Borger of Borger, Texas was closed on June 19, 1986 and resolved through a purchase and assumption. First Nb of Borger (TX) took over its insured deposits. At failure it held $80.1M in assets and $75.2M in deposits. The FDIC's estimated loss on the failure is $29.5M (36.8% of assets).