Bank failure · TX

Plaza Bank, N.A. of New Braunfels (New Braunfels, TX) — failed October 14, 1993

Plaza Bank, N.A. of New Braunfels of New Braunfels, Texas was closed on October 14, 1993 and resolved through a purchase and assumption (insured deposits). Texas Com Bank-New Braun (TX) took over its insured deposits. At failure it held $54.6M in assets and $56.9M in deposits. The FDIC's estimated loss on the failure is $2.7M (5.0% of assets).