Bank failure · TX
The First State Bank (Vernon, TX) — failed July 16, 1973
The First State Bank of Vernon, Texas was closed on July 16, 1973 and resolved through a payout (deposit payoff). 0 (0) took over its insured deposits. At failure it held $16.2M in assets and $14.8M in deposits.
- Closing date
- July 16, 1973
- FDIC certificate #
- 11170
- Resolution
- Payout (deposit payoff) (failure)
- Acquiring institution
- 0
- Insurance fund
- FDIC