# THE FIRST STATE BANK

> **Failed bank** · ROCKWALL, TX · failed 1988-05-26 · State commercial bank, non-Federal Reserve member (FDIC-supervised) · FDIC cost $15M

## What happened

THE FIRST STATE BANK of ROCKWALL, TX was closed by regulators on **1988-05-26**. The FDIC was named receiver.

**Resolution:** Insured Deposit Transfer — insured deposits transferred to another bank

Deposits were transferred to **COMMUNITY BANK** (ROCKWALL, TX). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 1758
- **FDIC Certificate:** 15909
- **FDIC FIN:** 5940
- **Bank name:** THE FIRST STATE BANK
- **Location:** ROCKWALL, TX
- **Failure date:** 1988-05-26
- **FDIC resolution date:** 1988-05-26
- **Charter type:** State commercial bank, non-Federal Reserve member (FDIC-supervised)
- **Resolution type:** Insured Deposit Transfer — insured deposits transferred to another bank
- **Estimated FDIC DIF cost:** $15M
- **Deposits at failure:** $40M
- **Assets at failure:** $40M
- **Acquiring bank:** COMMUNITY BANK (ROCKWALL, TX)

## Other banks COMMUNITY BANK has acquired in FDIC resolutions

- DEEP EAST TEXAS SA (JASPER, TX) — failed 1989-03-16 — /failed-bank/2256
- FIRST NATIONAL BANK OF BRAMAN (BRAMAN, OK) — failed 1987-04-09 — /failed-bank/1408

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, THE FIRST STATE BANK (FDIC ID 1758), failed 1988-05-26. Retrieved via AI Analytics 2026-06-24 from https://api.ai-analytics.org/failed-bank/1758.

---

*[FDIC failures dataset](/datasets/fdic-failures) · CC0 1.0*