# REAGAN STATE BANK

> **Failed bank** · BIG LAKE, TX · failed 1991-10-03 · State commercial bank, non-Federal Reserve member (FDIC-supervised) · FDIC cost $5M

## What happened

REAGAN STATE BANK of BIG LAKE, TX was closed by regulators on **1991-10-03**. The FDIC was named receiver.

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

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


## Key facts

- **FDIC ID:** 3203
- **FDIC Certificate:** 20027
- **FDIC FIN:** 4404
- **Bank name:** REAGAN STATE BANK
- **Location:** BIG LAKE, TX
- **Failure date:** 1991-10-03
- **FDIC resolution date:** 1991-10-03
- **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:** $21M
- **Assets at failure:** $20M
- **Acquiring bank:** SECURITY STATE BANK (MCCAMEY, TX)

## Other banks SECURITY STATE BANK has acquired in FDIC resolutions

- SECURITY STATE BANK (CASEY, IA) — failed 1988-08-09 — /failed-bank/1850

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, REAGAN STATE BANK (FDIC ID 3203), failed 1991-10-03. Retrieved via AI Analytics 2026-05-17 from https://api.ai-analytics.org/failed-bank/3203.

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