Bank failure · TX

Texana National Bank of Belton (Belton, TX) — failed December 1, 1988

Texana National Bank of Belton of Belton, Texas was closed on December 1, 1988 and resolved through a insured deposit transfer. First Nb of Temple (TX) took over its insured deposits. At failure it held $19.5M in assets and $19.1M in deposits. The FDIC's estimated loss on the failure is $6.1M (31.3% of assets).