Bank failure · TX

National Security Bank (Tyler, TX) — failed April 16, 1982

National Security Bank of Tyler, Texas was closed on April 16, 1982 and resolved through a purchase and assumption. Bank of Tyler National a (TX) took over its insured deposits. At failure it held $8.5M in assets and $8.0M in deposits. The FDIC's estimated loss on the failure is $575K (6.7% of assets).