Bank failure · TX

Texas National Bank (Victoria, TX) — failed June 23, 1988

Texas National Bank of Victoria, Texas was closed on June 23, 1988 and resolved through a purchase and assumption. Texas Nb of Victoria (TX) took over its insured deposits. At failure it held $14.4M in assets and $14.9M in deposits. The FDIC's estimated loss on the failure is $3.2M (22.4% of assets).