Bank failure · TX

First State Bank & Trust Company (Edinburg, TX) — failed May 23, 1986

First State Bank & Trust Company of Edinburg, Texas was closed on May 23, 1986 and resolved through a purchase and assumption. Nbc Bank-Edinburg (TX) took over its insured deposits. At failure it held $137.9M in assets and $137.0M in deposits. The FDIC's estimated loss on the failure is $21.7M (15.7% of assets).