Bank failure · TX
The First State Bank (Franklin, TX) — failed December 18, 1948
The First State Bank of Franklin, Texas was closed on December 18, 1948 and resolved through a p&a. 0 (0) took over its insured deposits. At failure it held $694K in assets and $609K in deposits.
- Closing date
- December 18, 1948
- Resolution
- P&A (failure)
- Acquiring institution
- 0
- Insurance fund
- FDIC