Bank failure · TX
First State Bank of Texas (Duncanville, TX) — failed January 26, 1989
First State Bank of Texas of Duncanville, Texas was closed on January 26, 1989 and resolved through a purchase and assumption. Fidelity National Bank of D (TX) took over its insured deposits. At failure it held $16.3M in assets and $18.4M in deposits. The FDIC's estimated loss on the failure is $5.4M (32.7% of assets).
- Closing date
- January 26, 1989
- FDIC certificate #
- 26205
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Fidelity National Bank of D
- Insurance fund
- FDIC
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