Bank failure · TX

Freedom Bank (Ranger, TX) — failed October 16, 1992

Freedom Bank of Ranger, Texas was closed on October 16, 1992 and resolved through a a/a. Peoples State Bank (TX) took over its insured deposits. At failure it held $20.9M in assets and $20.3M in deposits. The FDIC's estimated loss on the failure is $3K (0.0% of assets).