# FIRST STATE BANK OF RISING STAR

> **Failed bank** · RISING STAR, TX · failed 1990-09-20 · State commercial bank, non-Federal Reserve member (FDIC-supervised) · FDIC cost $3M

## What happened

FIRST STATE BANK OF RISING STAR of RISING STAR, TX was closed by regulators on **1990-09-20**. The FDIC was named receiver.

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

Deposits were transferred to **THE PEOPLES STATE BANK** (CLYDE, TX). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 2904
- **FDIC Certificate:** 10714
- **FDIC FIN:** 4277
- **Bank name:** FIRST STATE BANK OF RISING STAR
- **Location:** RISING STAR, TX
- **Failure date:** 1990-09-20
- **FDIC resolution date:** 1990-09-20
- **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:** $3M
- **Deposits at failure:** $14M
- **Assets at failure:** $14M
- **Acquiring bank:** THE PEOPLES STATE BANK (CLYDE, TX)

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, FIRST STATE BANK OF RISING STAR (FDIC ID 2904), failed 1990-09-20. Retrieved via AI Analytics 2026-07-02 from https://api.ai-analytics.org/failed-bank/2904.

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