Data / Bank failures / 1991 / Burleson County Savings Assoc.
Burleson County Savings Assoc., Caldwell, TX: failed May 31, 1991
Burleson County Savings Assoc. in Caldwell, Texas, failed on May 31, 1991. Citizens State Bank of Somerville, TX, took over its deposits. It held $31.5 million in assets and $32 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $7.4 million (23.5% of its assets). By assets it was the 209th largest of 271 banks closed or assisted in 1991.
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The FDIC's record
- Closed
- May 31, 1991
- Type
- Failure
- How it was resolved
- Purchase and assumption: another bank took over the deposits
- Acquirer
- Citizens State Bank, Somerville, TX
- Total assets
- $31,475,000
- Total deposits
- $31,986,000
- Estimated cost to the FDIC
- $7,388,112 (estimate as of July 31, 2026)
- Charter
- Savings bank
- Insurance fund
- RTC
- FDIC certificate
- 32126
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 Citizens State Bank took over
| Bank | City | State | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|---|
| Citizens State Bank (assistance) | Princeton | TX | December 10, 1992 | $12.9 million | $12.8 million | $246,897 | Citizens State Bank |
| Peoples National Bank | Caldwell | TX | June 21, 1990 | $9.6 million | $10.8 million | $3.2 million | Citizens State Bank |
| First-Taylor National Bank | Taylor | TX | May 17, 1990 | $74 million | $79.8 million | $10.9 million | Citizens State Bank |
| First State Bank | Deanville | TX | April 20, 1989 | $9.4 million | $9.3 million | $1.3 million | Citizens State Bank |
| Citizens State Bank (assistance) | Hayfield | MN | January 27, 1988 | $28 million | $28.7 million | $783,034 | Citizens State Bank |
| Commercial State Bank | Pocahontas | IA | June 27, 1986 | $47.9 million | $42.9 million | $9.9 million | Citizens State Bank |
| The First National Bank of Gorman | Gorman | TX | February 27, 1986 | $14.5 million | $13.6 million | $5.7 million | Citizens State Bank |
All bank failures in 1991 · All bank failures in Texas · Every failed bank Citizens State Bank took over · The full failed bank list
Read from the FDIC's failures data (BankFind), last updated 2026-10-24. 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.