# MERCHANTS STATE BANK

> **Failed bank** · DALLAS, TX · failed 1989-01-19 · State commercial bank, non-Federal Reserve member (FDIC-supervised) · FDIC cost $21M

## What happened

MERCHANTS STATE BANK of DALLAS, TX was closed by regulators on **1989-01-19**. The FDIC was named receiver.

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

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


## Key facts

- **FDIC ID:** 2074
- **FDIC Certificate:** 16374
- **FDIC FIN:** 2958
- **Bank name:** MERCHANTS STATE BANK
- **Location:** DALLAS, TX
- **Failure date:** 1989-01-19
- **FDIC resolution date:** 1989-01-19
- **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:** $21M
- **Deposits at failure:** $125M
- **Assets at failure:** $122M
- **Acquiring bank:** GRAND BANK (DALLAS, TX)

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, MERCHANTS STATE BANK (FDIC ID 2074), failed 1989-01-19. Retrieved via AI Analytics 2026-06-25 from https://api.ai-analytics.org/failed-bank/2074.

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