Bank failure · TX

Parkway Bank & Trust (Dallas, TX) — failed June 9, 1988

Parkway Bank & Trust of Dallas, Texas was closed on June 9, 1988 and resolved through a purchase and assumption. Deposit Guaranty Bank (TX) took over its insured deposits. At failure it held $42.3M in assets and $42.3M in deposits. The FDIC's estimated loss on the failure is $18.5M (43.8% of assets).