Bank failure · TX

The First National Bank of Yorktown (Yorktown, TX) — failed September 10, 1992

The First National Bank of Yorktown of Yorktown, Texas was closed on September 10, 1992 and resolved through a purchase and assumption (insured deposits). Citizens Bank (TX) took over its insured deposits. At failure it held $34.4M in assets and $34.5M in deposits. The FDIC's estimated loss on the failure is $7.6M (22.1% of assets).