Bank failure · TX

First-Taylor National Bank (Taylor, TX) — failed May 17, 1990

First-Taylor National Bank of Taylor, Texas was closed on May 17, 1990 and resolved through a purchase and assumption. Citizens State Bank (TX) took over its insured deposits. At failure it held $74.0M in assets and $79.8M in deposits. The FDIC's estimated loss on the failure is $10.9M (14.7% of assets).