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Bank failure · TX

Fulshear State Bank (Fulshear, TX) — failed June 8, 1989

Fulshear State Bank of Fulshear, Texas was closed on June 8, 1989 and resolved through a payout (deposit payoff). 0 (0) took over its insured deposits. At failure it held $10.7M in assets and $10.7M in deposits. The FDIC's estimated loss on the failure is $2.3M (22.0% of assets).

Closing date
June 8, 1989
FDIC certificate #
23945
Resolution
Payout (deposit payoff) (failure)
Acquiring institution
0
Insurance fund
FDIC

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What happens when a bank fails