Bank failure · TX

Frontier National Bank (Round Rock, TX) — failed October 27, 1988

Frontier National Bank of Round Rock, Texas was closed on October 27, 1988 and resolved through a purchase and assumption. First State Bank (TX) took over its insured deposits. At failure it held $39.5M in assets and $39.3M in deposits. The FDIC's estimated loss on the failure is $11.5M (29.1% of assets).