Bank failure · TX

First State Bank of Crandall (Crandall, TX) — failed April 19, 1990

First State Bank of Crandall of Crandall, Texas was closed on April 19, 1990 and resolved through a purchase and assumption. The American National Bank (TX) took over its insured deposits. At failure it held $15.8M in assets and $15.6M in deposits. The FDIC's estimated loss on the failure is $3.0M (19.1% of assets).