Bank failure · TX
The First National Bank of Gorman (Gorman, TX) — failed February 27, 1986
The First National Bank of Gorman of Gorman, Texas was closed on February 27, 1986 and resolved through a purchase and assumption. Citizens State Bank (TX) took over its insured deposits. At failure it held $14.5M in assets and $13.6M in deposits. The FDIC's estimated loss on the failure is $5.7M (39.1% of assets).
- Closing date
- February 27, 1986
- FDIC certificate #
- 3224
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Citizens State Bank
- Insurance fund
- FDIC
Other failures in 1986
- Lincoln Fs&la KY
- Citizens Bank & Trust Company LA
- Bank of Kansas City MO
- St. Louis Fs&la MO
- Lakeland State Bank MN
- Farmers State Bank TX
- Lago Vista National Bank TX
- First Bank & Trust Co. TX
- Landmark National Bank CO
- Barron County Fs&la WI
- First Savings of America IL
- Guaranty Federal Bank FSB WY
- The Citizens Bank of Windsor MO
- Cordell National Bank OK
- Firstsouth Fs&la AR
- First National Bank of Stewartville MN
- Hays State Bank KS
- Panhandle Bank & Trust Company TX
- Bank of Commerce TN
- Bank of Oklahoma, Okla. City, N.A. OK
- Gulf Federal Savings Bank LA
- First Security S&la CO
- First National Bank CA
- Norman Bank of Commerce OK