Bank failure · TX
The State Bank of Omaha (Omaha, TX) — failed December 14, 1990
The State Bank of Omaha of Omaha, Texas was closed on December 14, 1990 and resolved through a purchase and assumption. The First National Bank of (TX) took over its insured deposits. At failure it held $20.5M in assets and $20.6M in deposits. The FDIC's estimated loss on the failure is $5.3M (26.0% of assets).
- Closing date
- December 14, 1990
- FDIC certificate #
- 9019
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- The First National Bank of
- Insurance fund
- BIF
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