Bank failure · TX
First State Bank (Harper, TX) — failed January 12, 1989
First State Bank of Harper, Texas was closed on January 12, 1989 and resolved through a purchase and assumption. Security State Bank and Tru (TX) took over its insured deposits. At failure it held $10.5M in assets and $10.6M in deposits. The FDIC's estimated loss on the failure is $2.7M (25.7% of assets).
- Closing date
- January 12, 1989
- FDIC certificate #
- 13440
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Security State Bank and Tru
- Insurance fund
- FDIC
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