Bank failure · TX

River Plaza National Bank (Forth Worth, TX) — failed June 2, 1988

River Plaza National Bank of Forth Worth, Texas was closed on June 2, 1988 and resolved through a purchase and assumption. Tarrant Bank (TX) took over its insured deposits. At failure it held $41.8M in assets and $44.4M in deposits. The FDIC's estimated loss on the failure is $17.4M (41.5% of assets).