Bank failure · TX

First National Bank of Kennedale (Kennedale, TX) — failed September 13, 1990

First National Bank of Kennedale of Kennedale, Texas was closed on September 13, 1990 and resolved through a purchase and assumption. Central Bank and Trust (TX) took over its insured deposits. At failure it held $27.5M in assets and $27.7M in deposits. The FDIC's estimated loss on the failure is $7.4M (27.0% of assets).