Bank failure · TX

The Planters Nb of Rosebud (Rosebud, TX) — failed February 25, 1993

The Planters Nb of Rosebud of Rosebud, Texas was closed on February 25, 1993 and resolved through a purchase and assumption (insured deposits). First Nb in Cameron (TX) took over its insured deposits. At failure it held $13.7M in assets and $13.6M in deposits. The FDIC's estimated loss on the failure is $1.5M (10.9% of assets).