Bank failure · TX

The First State Bank (Aransas Pass, TX) — failed September 5, 1969

The First State Bank of Aransas Pass, Texas was closed on September 5, 1969 and resolved through a p&a. 0 (0) took over its insured deposits. At failure it held $11.4M in assets and $10.5M in deposits.

Closing date: September 5, 1969
Resolution: P&A (failure)
Acquiring institution: 0
Insurance fund: FDIC

Other failures in 1969

The First National Bank of Coalville UT
The Big Lake State Bank TX
First National Bank of Ursa IL
The State National Bank TX
The First State Bank TX
The Morrice State Bank MI
Citizens State Bank TX
The Rocky Mountain Bank CO

What happens when a bank fails