Bank failure · TX

First National Bank of Texas (Webster, TX) — failed July 23, 1992

First National Bank of Texas of Webster, Texas was closed on July 23, 1992 and resolved through a purchase and assumption (insured deposits). First Prosperity Bank (TX) took over its insured deposits. At failure it held $92.1M in assets and $91.3M in deposits. The FDIC's estimated loss on the failure is $14.2M (15.5% of assets).