Bank failure · TX

The Moran National Bank (Moran, TX) — failed January 14, 1988

The Moran National Bank of Moran, Texas was closed on January 14, 1988 and resolved through a purchase and assumption. Peoples State Bank (TX) took over its insured deposits. At failure it held $17.2M in assets and $17.5M in deposits. The FDIC's estimated loss on the failure is $8.6M (50.2% of assets).