Bank failure · TX
The San Saba National Bank (San Saba, TX) — failed August 29, 1991
The San Saba National Bank of San Saba, Texas was closed on August 29, 1991 and resolved through a purchase and assumption. First Llano Bank (TX) took over its insured deposits. At failure it held $15.6M in assets and $15.5M in deposits. The FDIC's estimated loss on the failure is $1.1M (6.8% of assets).
- Closing date
- August 29, 1991
- FDIC certificate #
- 5519
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- First Llano Bank
- Insurance fund
- BIF
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