Bank failure · TX
First State Bank (Tenaha, TX) — failed December 3, 1959
First State Bank of Tenaha, Texas was closed on December 3, 1959 and resolved through a payout (deposit payoff). 0 (0) took over its insured deposits. At failure it held $1.3M in assets and $1.1M in deposits.
- Closing date
- December 3, 1959
- Resolution
- Payout (deposit payoff) (failure)
- Acquiring institution
- 0
- Insurance fund
- FDIC