# CHIRENO STATE BANK

> **Failed bank** · CHIRENO, TX · failed 1991-05-09 · State commercial bank, non-Federal Reserve member (FDIC-supervised) · FDIC cost $1M

## What happened

CHIRENO STATE BANK of CHIRENO, TX was closed by regulators on **1991-05-09**. The FDIC was named receiver.

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

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


## Key facts

- **FDIC ID:** 3089
- **FDIC Certificate:** 8441
- **FDIC FIN:** 4346
- **Bank name:** CHIRENO STATE BANK
- **Location:** CHIRENO, TX
- **Failure date:** 1991-05-09
- **FDIC resolution date:** 1991-05-09
- **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:** $1M
- **Deposits at failure:** $12M
- **Assets at failure:** $12M
- **Acquiring bank:** THE FIRST STATE BANK (GLADEWATER, TX)

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, CHIRENO STATE BANK (FDIC ID 3089), failed 1991-05-09. Retrieved via AI Analytics 2026-05-17 from https://api.ai-analytics.org/failed-bank/3089.

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