Bank failure · TX

Rockport Bank, National Association (Aransas County, TX) — failed January 31, 1991

Rockport Bank, National Association of Aransas County, Texas was closed on January 31, 1991 and resolved through a purchase and assumption. The Bank of Corpus Christi (TX) took over its insured deposits. At failure it held $17.8M in assets and $18.0M in deposits. The FDIC's estimated loss on the failure is $3.0M (16.8% of assets).