# PALO DURO FS & LA

> **Failed bank** · AMARILLO, TX · failed 1990-01-26 · SL · FDIC cost $13M

## What happened

PALO DURO FS & LA of AMARILLO, TX was closed by state regulators on **1990-01-26**. The FDIC was named receiver.

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

Deposits were transferred to **CITIZENS STATE BANK OF DALH** (DALHART, TX). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 2636
- **FDIC Certificate:** 32089
- **FDIC FIN:** 7290
- **Bank name:** PALO DURO FS & LA
- **Location:** AMARILLO, TX
- **Failure date:** 1990-01-26
- **FDIC resolution date:** 1991-05-17
- **Charter type:** SL
- **Resolution type:** Purchase & Assumption — acquiring bank assumed deposits + bought assets
- **Estimated FDIC DIF cost:** $13M
- **Deposits at failure:** $42M
- **Assets at failure:** $65M
- **Acquiring bank:** CITIZENS STATE BANK OF DALH (DALHART, TX)

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=PALO%20DURO%20FS%20%26%20LA

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, PALO DURO FS & LA (FDIC ID 2636), failed 1990-01-26. Retrieved via AI Analytics 2026-05-20 from https://api.ai-analytics.org/failed-bank/2636.

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