Data / Bank failures / 2002 / Bank of Sierra Blanca
Bank of Sierra Blanca, Sierra Blanca, TX: failed January 18, 2002
Bank of Sierra Blanca in Sierra Blanca, Texas, failed on January 18, 2002. The Security State Bank of of Pecos, TX, took over its deposits. It held $10.8 million in assets and $9.9 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $4.6 million (42.5% of its assets). By assets it was the 11th largest of 11 banks closed or assisted in 2002.
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The FDIC's record
- Closed
- January 18, 2002
- Type
- Failure
- How it was resolved
- Purchase and assumption of the insured deposits only
- Acquirer
- The Security State Bank of, Pecos, TX
- Total assets
- $10,764,000
- Total deposits
- $9,914,000
- Estimated cost to the FDIC
- $4,573,901 (estimate as of July 31, 2026)
- Charter
- State nonmember bank (FDIC)
- Insurance fund
- BIF
- FDIC certificate
- 22002
All bank failures in 2002 · All bank failures in Texas · The full failed bank list
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.