Bank failure · TX

Kingsland National Bank (Kingsland, TX) — failed June 16, 1988

Kingsland National Bank of Kingsland, Texas was closed on June 16, 1988 and resolved through a purchase and assumption. Security State Bank&trus (TX) took over its insured deposits. At failure it held $14.1M in assets and $14.7M in deposits. The FDIC's estimated loss on the failure is $4.3M (30.7% of assets).