Data / Bank failures / 1991 / Buchel Bank & Trust Co.
Buchel Bank & Trust Co., Cuero, TX: failed August 22, 1991
Buchel Bank & Trust Co. in Cuero, Texas, failed on August 22, 1991. First Bank of Edna, TX, took over its deposits. It held $25 million in assets and $24.8 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $1.3 million (5% of its assets). By assets it was the 223rd largest of 271 banks closed or assisted in 1991.
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The FDIC's record
- Closed
- August 22, 1991
- Type
- Failure
- How it was resolved
- Purchase and assumption: another bank took over the deposits
- Acquirer
- First Bank, Edna, TX
- Total assets
- $25,026,000
- Total deposits
- $24,778,000
- Estimated cost to the FDIC
- $1,255,431 (estimate as of July 31, 2026)
- Charter
- State nonmember bank (FDIC)
- Insurance fund
- BIF
- FDIC certificate
- 14421
Other bank failures in Texas, 1989 to 1993
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| Plaza Bank, N.A. of New Braunfels | New Braunfels | October 14, 1993 | $54.6 million | $56.9 million | $2.7 million | Texas Com Bank-New Braun |
| Tarrant Bank | Fort Worth | August 25, 1993 | $62.6 million | $59.7 million | $7.3 million | First Interstate BK of T |
| The Wolfe City National Bank | Wolfe City | July 29, 1993 | $30.4 million | $32.2 million | $4.9 million | Sulphur Springs State Ba |
| Fidelity National Bank | Houston | July 22, 1993 | $52.6 million | $50.3 million | $5.5 million | Comerica Bank Texas |
| Westheimer National Bank | Houston | July 1, 1993 | $27.9 million | $28.1 million | $8.2 million | Nationsbank of Texas NA |
| Bankcentral Amarillo | Amarillo | June 10, 1993 | $34.7 million | $34.1 million | $2.5 million | Amarillo National Bank |
| First State Bank | Vega | April 1, 1993 | $21.4 million | $20.7 million | $2.8 million | Citizens STB of Dalhart |
| United Bank, N.A. | Lancaster | March 18, 1993 | $49.8 million | $49 million | $160,905 | Kilgore First National Bank |
Other failed banks First Bank took over
| Bank | City | State | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|---|
| The Bank of Asheville | Asheville | NC | January 21, 2011 | $204.9 million | $199.4 million | $43.9 million | First Bank |
| Cooperative Bank | Wilmington | NC | June 19, 2009 | $966.8 million | $768.5 million | $287.3 million | First Bank |
| Farmers State Bank of Madisonvillle | Madisonville | TX | November 29, 1990 | $34.8 million | $34.6 million | $1.6 million | First Bank |
| Citizens National Bank | El Campo | TX | August 30, 1990 | $51.3 million | $53.2 million | $10.2 million | First Bank |
| Farmers State Bank of Brookshire | Brookshire | TX | May 24, 1990 | $19.4 million | $19.6 million | $3.3 million | First Bank |
| Farmers State Bank | Schulenberg | TX | March 8, 1990 | $32.7 million | $33.4 million | $6.7 million | First Bank |
| First State Bank of McKinney | McKinney | TX | August 17, 1989 | $18.1 million | $20.2 million | $3.7 million | First Bank |
| Katy National Bank | Katy | TX | May 4, 1989 | $52 million | $55.3 million | $17.8 million | First Bank |
All bank failures in 1991 · All bank failures in Texas · Every failed bank First Bank took over · 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.