Data / Bank failures / First State Bank
Failed banks taken over by First State Bank: 18
First State Bank took over 18 failed banks between August 10, 1984 and June 8, 2012, holding $512.3 million in assets and $505.1 million in deposits. The FDIC estimates the cost to its insurance fund at $147 million. The largest: Valley Community Bank ($123.8 million), Bank of Mabank ($43.8 million), Farmers' and Traders' State Bank ($43.1 million).
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Every bank it took over, newest first
| Bank | City | State | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|---|
| Farmers' and Traders' State Bank | Shabbona | IL | June 8, 2012 | $43.1 million | $42.3 million | $10.2 million | First State Bank |
| Valley Community Bank | ST. Charles | IL | February 25, 2011 | $123.8 million | $124.2 million | $28.3 million | First State Bank |
| First National Bank of Cedar Hill | Cedar Hill | TX | May 16, 1991 | $11 million | $11.1 million | $2.6 million | First State Bank |
| First Fsa of Wewoka | Wewoka | OK | March 8, 1991 | $32.9 million | $27.9 million | $5.2 million | First State Bank |
| Bank of Meeker | Meeker | OK | March 15, 1990 | $15.5 million | $15.5 million | $3.8 million | First State Bank |
| Citizens Bank and Trust | Calvert | TX | March 9, 1989 | $14.2 million | $16.8 million | $5.3 million | First State Bank |
| The First National Bank of Gracemont | Gracemont | OK | November 10, 1988 | $6.6 million | $6.8 million | $1 million | First State Bank |
| Round Rock National Bank | Round Rock | TX | October 27, 1988 | $37 million | $37.1 million | $20 million | First State Bank |
| Frontier National Bank | Round Rock | TX | October 27, 1988 | $39.5 million | $39.3 million | $11.5 million | First State Bank |
| First State Bank | Seminole | OK | September 29, 1988 | $12.2 million | $11.3 million | $1.6 million | First State Bank |
| First National Bank Austin | Austin | TX | August 18, 1988 | $26 million | $27.2 million | $12.1 million | First State Bank |
| Bank of Mabank | Mabank | TX | December 17, 1987 | $43.8 million | $44.5 million | $9.7 million | First State Bank |
| First State Bank | Blanchard | OK | August 13, 1987 | $23.6 million | $21.9 million | $12.1 million | First State Bank |
| The Security State Bank | Davenport | OK | August 6, 1987 | $9.4 million | $8.8 million | $3.6 million | First State Bank |
| Sweeney Bank | Sweeney | TX | March 19, 1987 | $19.7 million | $20.1 million | $6 million | First State Bank |
| Bank of Gering | Gering | NE | October 23, 1986 | $24.2 million | $22.2 million | $3.9 million | First State Bank |
| The First State Bank | Thayer | KS | August 22, 1984 | $12.2 million | $11.2 million | $5.1 million | First State Bank |
| Peoples State Bank of Clay County | Poland | IN | August 10, 1984 | $17.7 million | $17.1 million | $5.1 million | First State Bank |
Other acquiring banks
- NCNB Texas National Bank 66
- Texas American Bridge Bank 24
- Bank One, Texas, N.A. 20
- 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
- Deposit Guaranty Bank 11
- 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.