# FREEDOM BANK

> **Failed bank** · RANGER, TX · failed 1992-10-16 · State commercial bank, non-Federal Reserve member (FDIC-supervised) · FDIC cost $0M

## What happened

FREEDOM BANK of RANGER, TX was closed by regulators on **1992-10-16**. The FDIC was named receiver.

**Resolution:** A/A

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


## Key facts

- **FDIC ID:** 3382
- **FDIC Certificate:** 15579
- **FDIC FIN:** 1998
- **Bank name:** FREEDOM BANK
- **Location:** RANGER, TX
- **Failure date:** 1992-10-16
- **FDIC resolution date:** 1992-10-16
- **Charter type:** State commercial bank, non-Federal Reserve member (FDIC-supervised)
- **Resolution type:** A/A
- **Estimated FDIC DIF cost:** $0M
- **Deposits at failure:** $20M
- **Assets at failure:** $21M
- **Acquiring bank:** PEOPLES STATE BANK (CLYDE, TX)

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

- RED RIVER S & L ASSOC. (COUSHATTA, LA) — failed 1989-12-14 — /failed-bank/2593
- THE MORAN NATIONAL BANK (MORAN, TX) — failed 1988-01-14 — /failed-bank/1599
- LIBERTY BANK & TRUST COMPANY (GREENWOOD, LA) — failed 1987-06-26 — /failed-bank/1460
- PELICAN STATE BANK (MANSFIELD, LA) — failed 1987-06-24 — /failed-bank/1456

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, FREEDOM BANK (FDIC ID 3382), failed 1992-10-16. Retrieved via AI Analytics 2026-05-17 from https://api.ai-analytics.org/failed-bank/3382.

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