Bank failure · TX

Texas Bk of Amarillo (Amarillo, TX) — failed November 5, 1982

Texas Bk of Amarillo of Amarillo, Texas was closed on November 5, 1982 and resolved through a purchase and assumption. First Bank of Amarillo (TX) took over its insured deposits. At failure it held $13.1M in assets and $11.5M in deposits. The FDIC's estimated loss on the failure is $1.3M (10.0% of assets).