Bank failure · TX

United Bank, N.A. (Lancaster, TX) — failed March 18, 1993

United Bank, N.A. of Lancaster, Texas was closed on March 18, 1993 and resolved through a purchase and assumption (insured deposits). Kilgore First National Bank (TX) took over its insured deposits. At failure it held $49.8M in assets and $49.0M in deposits. The FDIC's estimated loss on the failure is $161K (0.3% of assets).