Bank failure · TX

First National Bank of Grand Saline (Grand Saline, TX) — failed May 10, 1990

First National Bank of Grand Saline of Grand Saline, Texas was closed on May 10, 1990 and resolved through a purchase and assumption. Texas National Bank (TX) took over its insured deposits. At failure it held $28.6M in assets and $28.7M in deposits. The FDIC's estimated loss on the failure is $6.3M (22.0% of assets).