Bank failure · TX

Texas National Bank (Dallas, TX) — failed December 15, 1988

Texas National Bank of Dallas, Texas was closed on December 15, 1988 and resolved through a purchase and assumption. Cornerstone Bank NA (TX) took over its insured deposits. At failure it held $37.7M in assets and $47.1M in deposits. The FDIC's estimated loss on the failure is $17.6M (46.7% of assets).