Bank failure · TX

First State Bank (Weimar, TX) — failed April 4, 1991

First State Bank of Weimar, Texas was closed on April 4, 1991 and resolved through a purchase and assumption. Hill Bank & Trust Co. (TX) took over its insured deposits. At failure it held $26.0M in assets and $26.2M in deposits. The FDIC's estimated loss on the failure is $2.2M (8.5% of assets).