Bank failure · TX
Strawn Security Bank (Strawn, TX) — failed October 5, 1989
Strawn Security Bank of Strawn, Texas was closed on October 5, 1989 and resolved through a purchase and assumption. The First National Bank of (TX) took over its insured deposits. At failure it held $14.4M in assets and $14.1M in deposits. The FDIC's estimated loss on the failure is $5.4M (37.4% of assets).
- Closing date
- October 5, 1989
- FDIC certificate #
- 5540
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- The First National Bank of
- Insurance fund
- BIF
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