Bank failure · TX
Red River National Bank in Clarksville (Clarksville, TX) — failed March 19, 1987
Red River National Bank in Clarksville of Clarksville, Texas was closed on March 19, 1987 and resolved through a purchase and assumption. State Bank of De Kalb (TX) took over its insured deposits. At failure it held $22.8M in assets and $23.4M in deposits. The FDIC's estimated loss on the failure is $5.3M (23.3% of assets).
- Closing date
- March 19, 1987
- FDIC certificate #
- 3139
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- State Bank of De Kalb
- Insurance fund
- FDIC
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