Bank failure · TX
The First National Bank of Navasota (Navasota, TX) — failed August 13, 1987
The First National Bank of Navasota of Navasota, Texas was closed on August 13, 1987 and resolved through a purchase and assumption. First Bank (TX) took over its insured deposits. At failure it held $31.7M in assets and $31.0M in deposits. The FDIC's estimated loss on the failure is $8.2M (26.0% of assets).
- Closing date
- August 13, 1987
- FDIC certificate #
- 3359
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- First Bank
- Insurance fund
- FDIC
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