Bank failure · TX
The First State Bank (Abilene, TX) — failed February 17, 1989
The First State Bank of Abilene, Texas was closed on February 17, 1989 and resolved through a insured deposit transfer. Ncnb Texas National Bank (TX) took over its insured deposits. At failure it held $272.7M in assets and $206.6M in deposits. The FDIC's estimated loss on the failure is $85.7M (31.4% of assets).
- Closing date
- February 17, 1989
- FDIC certificate #
- 16751
- Resolution
- Insured deposit transfer (failure)
- Acquiring institution
- Ncnb Texas National Bank
- Insurance fund
- FDIC
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