Bank failure · TX

First National Bank of Teague (Teague, TX) — failed November 14, 1985

First National Bank of Teague of Teague, Texas was closed on November 14, 1985 and resolved through a payout (deposit payoff). 0 (0) took over its insured deposits. At failure it held $32.0M in assets and $29.2M in deposits. The FDIC's estimated loss on the failure is $7.9M (24.7% of assets).