# FLOWER MOUND BANK

> **Failed bank** · FLOWER MOUND, TX · failed 1988-03-03 · State commercial bank, Federal Reserve member · FDIC cost $4M

## What happened

FLOWER MOUND BANK of FLOWER MOUND, TX was closed by state regulators on **1988-03-03**. The FDIC was named receiver.

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

Deposits were transferred to **SECURITY BANK** (FLOWER MOUND, TX). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 1635
- **FDIC Certificate:** 25331
- **FDIC FIN:** 2792
- **Bank name:** FLOWER MOUND BANK
- **Location:** FLOWER MOUND, TX
- **Failure date:** 1988-03-03
- **FDIC resolution date:** 1988-03-03
- **Charter type:** State commercial bank, Federal Reserve member
- **Resolution type:** Purchase & Assumption — acquiring bank assumed deposits + bought assets
- **Estimated FDIC DIF cost:** $4M
- **Deposits at failure:** $18M
- **Assets at failure:** $17M
- **Acquiring bank:** SECURITY BANK (FLOWER MOUND, TX)

## Other banks SECURITY BANK has acquired in FDIC resolutions

- HUME BANK (HUME, MO) — failed 2008-03-07 — /failed-bank/3557
- CENTURY FEDERAL SAVINGS BANK (TRENTON, TN) — failed 1989-03-09 — /failed-bank/2187
- THE FIRST NATIONAL BANK OF PRAIRIE CITY (PRAIRIE CITY, IA) — failed 1986-07-24 — /failed-bank/1237

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=FLOWER%20MOUND%20BANK

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, FLOWER MOUND BANK (FDIC ID 1635), failed 1988-03-03. Retrieved via AI Analytics 2026-06-25 from https://api.ai-analytics.org/failed-bank/1635.

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