Bank failure · TX

Reagan State Bank (Big Lake, TX) — failed October 3, 1991

Reagan State Bank of Big Lake, Texas was closed on October 3, 1991 and resolved through a purchase and assumption. Security State Bank (TX) took over its insured deposits. At failure it held $20.3M in assets and $20.9M in deposits. The FDIC's estimated loss on the failure is $4.6M (22.5% of assets).