Bank failure · TX
West Texas State Bank of Canyon (Canyon, TX) — failed November 13, 1987
West Texas State Bank of Canyon of Canyon, Texas was closed on November 13, 1987 and resolved through a purchase and assumption. First Nb of Amarillo (TX) took over its insured deposits. At failure it held $20.4M in assets and $20.0M in deposits. The FDIC's estimated loss on the failure is $3.3M (16.1% of assets).
- Closing date
- November 13, 1987
- FDIC certificate #
- 19676
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- First Nb of Amarillo
- Insurance fund
- FDIC
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