Bank failure · TX
Prairie State Bank (Grand Prairie, TX) — failed September 14, 1989
Prairie State Bank of Grand Prairie, Texas was closed on September 14, 1989 and resolved through a insured deposit transfer. Bedford National Bank (TX) took over its insured deposits. At failure it held $16.4M in assets and $16.8M in deposits. The FDIC's estimated loss on the failure is $2.8M (16.8% of assets).
- Closing date
- September 14, 1989
- FDIC certificate #
- 26462
- Resolution
- Insured deposit transfer (failure)
- Acquiring institution
- Bedford National Bank
- Insurance fund
- BIF
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