Data / Bank failures / 1999 / East Texas NB of Marshall
East Texas NB of Marshall, Marshall, TX: failed July 9, 1999
East Texas NB of Marshall in Marshall, Texas, failed on July 9, 1999. Fredonia State Bank of Nacogdoches, TX, took over its deposits. It held $121.6 million in assets and $113.1 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $9.9 million (8.1% of its assets). By assets it was the 3rd largest of 8 banks closed or assisted in 1999.
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The FDIC's record
- Closed
- July 9, 1999
- Type
- Failure
- How it was resolved
- Purchase and assumption: another bank took over the deposits
- Acquirer
- Fredonia State Bank, Nacogdoches, TX
- Total assets
- $121,564,000
- Total deposits
- $113,054,000
- Estimated cost to the FDIC
- $9,855,326 (estimate as of July 31, 2026)
- Charter
- National bank (supervised by the OCC)
- Insurance fund
- BIF
- FDIC certificate
- 25272
Other failed banks Fredonia State Bank took over
| Bank | City | State | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|---|
| Southside National Bank | Nacogdoches | TX | March 19, 1992 | $12 million | $12 million | $3.3 million | Fredonia State Bank |
All bank failures in 1999 · All bank failures in Texas · Every failed bank Fredonia State 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.