# THE KERENS BANK

> **Failed bank** · KERENS, TX · failed 1991-07-25 · State commercial bank, non-Federal Reserve member (FDIC-supervised) · FDIC cost $5M

## What happened

THE KERENS BANK of KERENS, TX was closed by regulators on **1991-07-25**. The FDIC was named receiver.

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

Deposits were transferred to **CEDAR CREEK BANK** (SEVEN POINTS, TX). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 3148
- **FDIC Certificate:** 3283
- **FDIC FIN:** 4379
- **Bank name:** THE KERENS BANK
- **Location:** KERENS, TX
- **Failure date:** 1991-07-25
- **FDIC resolution date:** 1991-07-25
- **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:** $5M
- **Deposits at failure:** $20M
- **Assets at failure:** $20M
- **Acquiring bank:** CEDAR CREEK BANK (SEVEN POINTS, TX)

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, THE KERENS BANK (FDIC ID 3148), failed 1991-07-25. Retrieved via AI Analytics 2026-05-18 from https://api.ai-analytics.org/failed-bank/3148.

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