Bank failure · TX
The First National Bank of Levelland (Levelland, TX) — failed August 30, 1990
The First National Bank of Levelland of Levelland, Texas was closed on August 30, 1990 and resolved through a purchase and assumption. Citizens Bank (TX) took over its insured deposits. At failure it held $62.2M in assets and $64.4M in deposits. The FDIC's estimated loss on the failure is $9.4M (15.2% of assets).
- Closing date
- August 30, 1990
- FDIC certificate #
- 3299
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Citizens Bank
- Insurance fund
- BIF
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