Bank failure · TX
First State Bank of Bovina (Bovina, TX) — failed October 22, 1987
First State Bank of Bovina of Bovina, Texas was closed on October 22, 1987 and resolved through a purchase and assumption. First Bank of Muleshoe (TX) took over its insured deposits. At failure it held $20.1M in assets and $17.4M in deposits.
- Closing date
- October 22, 1987
- FDIC certificate #
- 17510
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- First Bank of Muleshoe
- Insurance fund
- FDIC
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