Bank failure · TX
First State Bank (Deanville, TX) — failed April 20, 1989
First State Bank of Deanville, Texas was closed on April 20, 1989 and resolved through a purchase and assumption. Citizens State Bank (TX) took over its insured deposits. At failure it held $9.4M in assets and $9.3M in deposits. The FDIC's estimated loss on the failure is $1.3M (13.4% of assets).
- Closing date
- April 20, 1989
- FDIC certificate #
- 17020
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Citizens State Bank
- Insurance fund
- FDIC
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