Bank failure · TX

The First National Bank of Poth (Poth, TX) — failed May 9, 1991

The First National Bank of Poth of Poth, Texas was closed on May 9, 1991 and resolved through a purchase and assumption. Bank of Floresville (TX) took over its insured deposits. At failure it held $18.7M in assets and $18.5M in deposits. The FDIC's estimated loss on the failure is $1.4M (7.8% of assets).