Bank failure · TX

First National Bank of Cedar Hill (Cedar Hill, TX) — failed May 16, 1991

First National Bank of Cedar Hill of Cedar Hill, Texas was closed on May 16, 1991 and resolved through a purchase and assumption. First State Bank (TX) took over its insured deposits. At failure it held $11.0M in assets and $11.1M in deposits. The FDIC's estimated loss on the failure is $2.6M (23.3% of assets).