Bank failure · TX

Seminole State National Bank (Seminole, TX) — failed March 16, 1984

Seminole State National Bank of Seminole, Texas was closed on March 16, 1984 and resolved through a insured deposit transfer. Seminole National Bank (TX) took over its insured deposits. At failure it held $51.1M in assets and $48.4M in deposits. The FDIC's estimated loss on the failure is $2.0M (3.9% of assets).