Bank failure · TX
Peoples National Bank (Caldwell, TX) — failed June 21, 1990
Peoples National Bank of Caldwell, Texas was closed on June 21, 1990 and resolved through a purchase and assumption. Citizens State Bank (TX) took over its insured deposits. At failure it held $9.6M in assets and $10.8M in deposits. The FDIC's estimated loss on the failure is $3.2M (32.7% of assets).
- Closing date
- June 21, 1990
- FDIC certificate #
- 24982
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Citizens State Bank
- Insurance fund
- BIF
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