Bank failure · TX
Marlin National Bank (Marlin, TX) — failed May 14, 1987
Marlin National Bank of Marlin, Texas was closed on May 14, 1987 and resolved through a purchase and assumption. Bank of Longview NA (TX) took over its insured deposits. At failure it held $39.6M in assets and $43.7M in deposits. The FDIC's estimated loss on the failure is $12.7M (32.2% of assets).
- Closing date
- May 14, 1987
- FDIC certificate #
- 14279
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Bank of Longview NA
- Insurance fund
- FDIC
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