Bank failure · TX

Sabinal Bank (Sabinal, TX) — failed March 21, 1991

Sabinal Bank of Sabinal, Texas was closed on March 21, 1991 and resolved through a payout (deposit payoff). 0 (0) took over its insured deposits. At failure it held $24.8M in assets and $24.4M in deposits. The FDIC's estimated loss on the failure is $3.7M (14.8% of assets).