Bank failure · TX

Tri-Cities Bank & Trust (Glenn Heights, TX) — failed June 23, 1988

Tri-Cities Bank & Trust of Glenn Heights, Texas was closed on June 23, 1988 and resolved through a purchase and assumption. Abrams Centre National B (TX) took over its insured deposits. At failure it held $9.2M in assets and $10.0M in deposits. The FDIC's estimated loss on the failure is $4.0M (43.5% of assets).