# EAST TEXAS STATE BANK

> **Failed bank** · BUNA, TX · failed 1988-11-17 · State commercial bank, non-Federal Reserve member (FDIC-supervised) · FDIC cost $5M

## What happened

EAST TEXAS STATE BANK of BUNA, TX was closed by regulators on **1988-11-17**. The FDIC was named receiver.

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

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


## Key facts

- **FDIC ID:** 1983
- **FDIC Certificate:** 18591
- **FDIC FIN:** 2934
- **Bank name:** EAST TEXAS STATE BANK
- **Location:** BUNA, TX
- **Failure date:** 1988-11-17
- **FDIC resolution date:** 1988-11-17
- **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:** $5M
- **Deposits at failure:** $21M
- **Assets at failure:** $21M
- **Acquiring bank:** FIRST NB OF BONHAM (BONHAM, TX)

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, EAST TEXAS STATE BANK (FDIC ID 1983), failed 1988-11-17. Retrieved via AI Analytics 2026-05-17 from https://api.ai-analytics.org/failed-bank/1983.

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