Bank failure · TX

Millennium State Bank of Texas (Dallas, TX) — failed July 2, 2009

Millennium State Bank of Texas of Dallas, Texas was closed on July 2, 2009 and resolved through a purchase and assumption. State Bank of Texas (TX) took over its insured deposits. At failure it held $118.6M in assets and $115.5M in deposits. The FDIC's estimated loss on the failure is $52.7M (44.4% of assets).