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Bank failure · TX

The Big Lake State Bank (Big Lake, TX) — failed August 22, 1969

The Big Lake State Bank of Big Lake, Texas was closed on August 22, 1969 and resolved through a p&a. 0 (0) took over its insured deposits. At failure it held $4.8M in assets and $4.4M in deposits.

Closing date
August 22, 1969
Resolution
P&A (failure)
Acquiring institution
0
Insurance fund
FDIC

Other failures in 1969

What happens when a bank fails