# FIRST STATE BANK OF BOVINA

> **Failed bank** · BOVINA, TX · failed 1987-10-22 · State commercial bank, non-Federal Reserve member (FDIC-supervised)

## What happened

FIRST STATE BANK OF BOVINA of BOVINA, TX was closed by regulators on **1987-10-22**. The FDIC was named receiver.

**Resolution:** Purchase & Assumption — acquiring bank assumed deposits + bought assets

Deposits were transferred to **FIRST BANK OF MULESHOE** (MULESHOE, TX). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 1543
- **FDIC Certificate:** 17510
- **FDIC FIN:** 2740
- **Bank name:** FIRST STATE BANK OF BOVINA
- **Location:** BOVINA, TX
- **Failure date:** 1987-10-22
- **FDIC resolution date:** 1987-10-22
- **Charter type:** State commercial bank, non-Federal Reserve member (FDIC-supervised)
- **Resolution type:** Purchase & Assumption — acquiring bank assumed deposits + bought assets
- **Estimated FDIC DIF cost:** $0M
- **Deposits at failure:** $17M
- **Assets at failure:** $20M
- **Acquiring bank:** FIRST BANK OF MULESHOE (MULESHOE, TX)

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=FIRST%20STATE%20BANK%20OF%20BOVINA

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, FIRST STATE BANK OF BOVINA (FDIC ID 1543), failed 1987-10-22. Retrieved via AI Analytics 2026-07-09 from https://api.ai-analytics.org/failed-bank/1543.

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