Bank failure · TX

Huffman Bank (Huffman, TX) — failed February 15, 1990

Huffman Bank of Huffman, Texas was closed on February 15, 1990 and resolved through a purchase and assumption. Channelview Bank (TX) took over its insured deposits. At failure it held $22.0M in assets and $21.7M in deposits. The FDIC's estimated loss on the failure is $2.8M (12.9% of assets).