Bank failure · TX

Red Bird Bank of Dallas (Dallas, TX) — failed April 9, 1992

Red Bird Bank of Dallas of Dallas, Texas was closed on April 9, 1992 and resolved through a purchase and assumption. Bank of the Sw of Dallas (TX) took over its insured deposits. At failure it held $38.6M in assets and $37.7M in deposits. The FDIC's estimated loss on the failure is $10.5M (27.3% of assets).