Bank failure · TX

Ranchlander National Bank (Melvin, TX) — failed November 19, 1982

Ranchlander National Bank of Melvin, Texas was closed on November 19, 1982 and resolved through a payout (deposit payoff). 0 (0) took over its insured deposits. At failure it held $4.3M in assets and $4.1M in deposits. The FDIC's estimated loss on the failure is $2.2M (52.1% of assets).