Bank failure · TX

First National Bank of Rowlett (Rowlett, TX) — failed December 7, 1990

First National Bank of Rowlett of Rowlett, Texas was closed on December 7, 1990 and resolved through a insured deposit transfer. U.S. Trust Company of Texas (TX) took over its insured deposits. At failure it held $20.5M in assets and $21.4M in deposits. The FDIC's estimated loss on the failure is $6.5M (31.8% of assets).