Bank failure · TX
Palo Duro Fs & LA (Amarillo, TX) — failed January 26, 1990
Palo Duro Fs & LA of Amarillo, Texas was closed on January 26, 1990 and resolved through a purchase and assumption. Citizens State Bank of Dalh (TX) took over its insured deposits. At failure it held $65.0M in assets and $41.8M in deposits. The FDIC's estimated loss on the failure is $12.6M (19.4% of assets).
- Closing date
- January 26, 1990
- FDIC certificate #
- 32089
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Citizens State Bank of Dalh
- Insurance fund
- RTC
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