Bank failure · TX
The First National Bank in Rhome (Rhome, TX) — failed December 10, 1987
The First National Bank in Rhome of Rhome, Texas was closed on December 10, 1987 and resolved through a purchase and assumption. Continental State Bank (TX) took over its insured deposits. At failure it held $9.2M in assets and $9.3M in deposits. The FDIC's estimated loss on the failure is $1.9M (20.7% of assets).
- Closing date
- December 10, 1987
- FDIC certificate #
- 3406
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Continental State Bank
- Insurance fund
- FDIC
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