Bank failure · TX

Home State Bank (Trent, TX) — failed April 7, 1988

Home State Bank of Trent, Texas was closed on April 7, 1988 and resolved through a insured deposit transfer. Farmers&merchants Nb Mer (TX) took over its insured deposits. At failure it held $5.4M in assets and $5.3M in deposits. The FDIC's estimated loss on the failure is $1.1M (20.2% of assets).