Bank failure · TX

The Bowie County State Bank (Hooks, TX) — failed July 27, 1982

The Bowie County State Bank of Hooks, Texas was closed on July 27, 1982 and resolved through a purchase and assumption. First Bank&trust Hooks (TX) took over its insured deposits. At failure it held $14.4M in assets and $13.4M in deposits. The FDIC's estimated loss on the failure is $2.2M (15.0% of assets).