Bank failure · TX

First State Bank of Rising Star (Rising Star, TX) — failed September 20, 1990

First State Bank of Rising Star of Rising Star, Texas was closed on September 20, 1990 and resolved through a purchase and assumption. The Peoples State Bank (TX) took over its insured deposits. At failure it held $14.0M in assets and $13.9M in deposits. The FDIC's estimated loss on the failure is $2.7M (19.4% of assets).