Bank failure · TX

The Wolfe City National Bank (Wolfe City, TX) — failed July 29, 1993

The Wolfe City National Bank of Wolfe City, Texas was closed on July 29, 1993 and resolved through a purchase and assumption (insured deposits). Sulphur Springs State Ba (TX) took over its insured deposits. At failure it held $30.4M in assets and $32.2M in deposits. The FDIC's estimated loss on the failure is $4.9M (15.9% of assets).