# FRANKLIN BANK, SSB

> **Failed bank** · HOUSTON, TX · failed 2008-11-07 · SI · FDIC cost $614M

## What happened

FRANKLIN BANK, SSB of HOUSTON, TX was closed by state regulators on **2008-11-07**. The FDIC was named receiver.

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

Deposits were transferred to **PROSPERITY BANK** (EL CAMPO, TX). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 3574
- **FDIC Certificate:** 26870
- **FDIC FIN:** 10021
- **Bank name:** FRANKLIN BANK, SSB
- **Location:** HOUSTON, TX
- **Failure date:** 2008-11-07
- **FDIC resolution date:** 2008-11-07
- **Charter type:** SI
- **Resolution type:** Purchase & Assumption — acquiring bank assumed deposits + bought assets
- **Estimated FDIC DIF cost:** $614M
- **Deposits at failure:** $3,693M
- **Assets at failure:** $5,089M
- **Acquiring bank:** PROSPERITY BANK (EL CAMPO, TX)

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=FRANKLIN%20BANK%2C%20SSB

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, FRANKLIN BANK, SSB (FDIC ID 3574), failed 2008-11-07. Retrieved via AI Analytics 2026-05-18 from https://api.ai-analytics.org/failed-bank/3574.

---

*[FDIC failures dataset](/datasets/fdic-failures) · CC0 1.0*