Bank failure · TX
First State Bank (Pflugerville, TX) — failed August 24, 1989
First State Bank of Pflugerville, Texas was closed on August 24, 1989 and resolved through a purchase and assumption. Hibernia National Bank in T (TX) took over its insured deposits. At failure it held $30.7M in assets and $31.0M in deposits. The FDIC's estimated loss on the failure is $8.8M (28.6% of assets).
- Closing date
- August 24, 1989
- FDIC certificate #
- 12300
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Hibernia National Bank in T
- Insurance fund
- BIF
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