# FIRST STATE BANK

> **Failed bank** · BANGS, TX · failed 1992-01-23 · State commercial bank, non-Federal Reserve member (FDIC-supervised) · FDIC cost $3M

## What happened

FIRST STATE BANK of BANGS, TX was closed by regulators on **1992-01-23**. The FDIC was named receiver.

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

Deposits were transferred to **TEXAS BANK** (BROWNWOOD, TX). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 3258
- **FDIC Certificate:** 11138
- **FDIC FIN:** 4439
- **Bank name:** FIRST STATE BANK
- **Location:** BANGS, TX
- **Failure date:** 1992-01-23
- **FDIC resolution date:** 1992-01-23
- **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:** $16M
- **Assets at failure:** $17M
- **Acquiring bank:** TEXAS BANK (BROWNWOOD, TX)

## Other banks TEXAS BANK has acquired in FDIC resolutions

- DRIPPING SPRINGS NATIONAL BANK (DRIPPING SPRINGS, TX) — failed 1991-07-12 — /failed-bank/3137
- SOUTHWEST NATIONAL BANK (AUSTIN, TX) — failed 1990-06-28 — /failed-bank/2827
- CITIZENS NATIONAL BANK (DENTON, TX) — failed 1990-03-08 — /failed-bank/2690
- THE EARLY BANK (EARLY, TX) — failed 1985-10-18 — /failed-bank/1088

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, FIRST STATE BANK (FDIC ID 3258), failed 1992-01-23. Retrieved via AI Analytics 2026-05-17 from https://api.ai-analytics.org/failed-bank/3258.

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