Bank failure · TX

Western State Bank (Denton, TX) — failed September 27, 1985

Western State Bank of Denton, Texas was closed on September 27, 1985 and resolved through a purchase and assumption. Texas Bank of Denton (TX) took over its insured deposits. At failure it held $27.8M in assets and $23.7M in deposits. The FDIC's estimated loss on the failure is $8.0M (28.8% of assets).