# FIRST STATE BANK

> **Failed bank** · LIBERTY, TX · failed 1989-08-17 · State commercial bank, non-Federal Reserve member (FDIC-supervised) · FDIC cost $18M

## What happened

FIRST STATE BANK of LIBERTY, TX was closed by regulators on **1989-08-17**. The FDIC was named receiver.

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

Deposits were transferred to **FIRST CITY, TEXAS-BEAUMONT,** (BEAUMONT, TX). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 2482
- **FDIC Certificate:** 11158
- **FDIC FIN:** 4066
- **Bank name:** FIRST STATE BANK
- **Location:** LIBERTY, TX
- **Failure date:** 1989-08-17
- **FDIC resolution date:** 1989-08-17
- **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:** $18M
- **Deposits at failure:** $61M
- **Assets at failure:** $62M
- **Acquiring bank:** FIRST CITY, TEXAS-BEAUMONT, (BEAUMONT, TX)

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, FIRST STATE BANK (FDIC ID 2482), failed 1989-08-17. Retrieved via AI Analytics 2026-05-18 from https://api.ai-analytics.org/failed-bank/2482.

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