Data / Bank failures / Deposit Guaranty Bank
Failed banks taken over by Deposit Guaranty Bank: 11
Deposit Guaranty Bank took over 11 failed banks between February 5, 1988 and June 30, 1989, holding $592 million in assets and $593.4 million in deposits. The FDIC estimates the cost to its insurance fund at $203.6 million. The largest: Bank of Dallas ($207.8 million), Citizens Bank ($100.1 million), First National Bank of Richardson ($44.5 million).
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Every bank it took over, newest first
| Bank | City | State | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|---|
| First National Bank of Richardson | Richardson | TX | June 30, 1989 | $44.5 million | $46.7 million | $8.8 million | Deposit Guaranty Bank |
| Premier Bank, A National Association | Dallas | TX | March 31, 1989 | $37.1 million | $35.6 million | $16.4 million | Deposit Guaranty Bank |
| First Bank of Rowlett | Rowlett | TX | March 23, 1989 | $35.6 million | $34.8 million | $6.9 million | Deposit Guaranty Bank |
| Citizens Bank Houston | Houston | TX | February 9, 1989 | $40.2 million | $37.1 million | $17 million | Deposit Guaranty Bank |
| Citizens Bank | Houston | TX | February 9, 1989 | $100.1 million | $102.1 million | $28.6 million | Deposit Guaranty Bank |
| Security Bank | Dallas | TX | October 20, 1988 | $21.8 million | $20.9 million | $6.6 million | Deposit Guaranty Bank |
| Pioneer National Bank | Arlington | TX | September 1, 1988 | $20.3 million | $22.6 million | $6.2 million | Deposit Guaranty Bank |
| Highland Park National Bank | Dallas | TX | August 25, 1988 | $26.3 million | $31.2 million | $17.8 million | Deposit Guaranty Bank |
| Parkway Bank & Trust | Dallas | TX | June 9, 1988 | $42.3 million | $42.3 million | $18.5 million | Deposit Guaranty Bank |
| Central National Bank | Dallas | TX | April 7, 1988 | $15.9 million | $17.4 million | $6.2 million | Deposit Guaranty Bank |
| Bank of Dallas | Dallas | TX | February 5, 1988 | $207.8 million | $202.7 million | $70.6 million | Deposit Guaranty Bank |
Other acquiring banks
- NCNB Texas National Bank 66
- Texas American Bridge Bank 24
- Bank One, Texas, N.A. 20
- First State Bank 18
- Kilgore FS&LA 16
- The First National Bank of 16
- Consolidated S&LA 15
- Hibernia National Bank in T 15
- Citizens Bank 12
- State Bank and Trust Company 12
- First Bank 11
- Olney S&LA 11
- U.S. Bank, NA 11
- American Federal Bank FSB 10
- Ameris Bank 10
- Central Bank 9
- First-Citizens Bank & Trust Company 9
- Home Sa of America 9
- Citizens State Bank 8
- Community & Southern Bank 8
- First American Bank 8
- Bank of the Ozarks 7
- Centennial Bank 7
- Channelview Bank 7
- Hibernia National Bank 7
- Pacific Southwest SB FSB 7
- Premier American Bank, National Association 7
- Texas Commerce Bank NA 7
- Bank One, Texas, National A 6
- Comerica Bank-Texas 6
- First FSB 6
- First National Bank 6
- Horizon FS&LA 6
- Household Bank FSB 6
- Republic Bank of Chicago 6
- Sunbelt Savings FSB 6
- 1ST United Bank 5
- American National Bank 5
- Anchor Savings Bank FSB 5
- Centerstate Bank of Florida, National Association 5
Read from the FDIC's failures data (BankFind), last updated 2026-10-23. Assets and deposits are as of the last report before failure; the estimated cost is the FDIC's latest estimate of the loss to its insurance fund and changes as the receivership winds down. Free to reuse with credit to SpecStream under CC BY 4.0.