# WEST TEXAS STATE BANK OF CANYON

> **Failed bank** · CANYON, TX · failed 1987-11-13 · State commercial bank, non-Federal Reserve member (FDIC-supervised) · FDIC cost $3M

## What happened

WEST TEXAS STATE BANK OF CANYON of CANYON, TX was closed by regulators on **1987-11-13**. The FDIC was named receiver.

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

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


## Key facts

- **FDIC ID:** 1555
- **FDIC Certificate:** 19676
- **FDIC FIN:** 2747
- **Bank name:** WEST TEXAS STATE BANK OF CANYON
- **Location:** CANYON, TX
- **Failure date:** 1987-11-13
- **FDIC resolution date:** 1987-11-13
- **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:** $3M
- **Deposits at failure:** $20M
- **Assets at failure:** $20M
- **Acquiring bank:** FIRST NB OF AMARILLO (AMARILLO, TX)

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, WEST TEXAS STATE BANK OF CANYON (FDIC ID 1555), failed 1987-11-13. Retrieved via AI Analytics 2026-07-07 from https://api.ai-analytics.org/failed-bank/1555.

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