Bank failure · TX

Tarrant Bank (Fort Worth, TX) — failed August 25, 1993

Tarrant Bank of Fort Worth, Texas was closed on August 25, 1993 and resolved through a purchase and assumption (insured deposits). First Interstate Bk of T (TX) took over its insured deposits. At failure it held $62.6M in assets and $59.7M in deposits. The FDIC's estimated loss on the failure is $7.3M (11.7% of assets).