Bank failure · TX

The Peoples National Bank of Lampasas (Lampasas, TX) — failed April 18, 1985

The Peoples National Bank of Lampasas of Lampasas, Texas was closed on April 18, 1985 and resolved through a purchase and assumption. United Peoples Bank (TX) took over its insured deposits. At failure it held $39.4M in assets and $40.5M in deposits. The FDIC's estimated loss on the failure is $3.9M (9.8% of assets).