Data / Bank failures / 1989 / First Bank & Trust
First Bank & Trust, Bryan, TX: failed February 9, 1989
First Bank & Trust in Bryan, Texas, failed on February 9, 1989. First American Bank of Bryan, TX, took over its deposits. It held $148.1 million in assets and $144.7 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $30 million (20.3% of its assets). By assets it was the 170th largest of 534 banks closed or assisted in 1989.
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The FDIC's record
- Closed
- February 9, 1989
- Type
- Failure
- How it was resolved
- Purchase and assumption: another bank took over the deposits
- Acquirer
- First American Bank, Bryan, TX
- Total assets
- $148,098,000
- Total deposits
- $144,662,000
- Estimated cost to the FDIC
- $30,008,642 (estimate as of July 31, 2026)
- Charter
- State nonmember bank (FDIC)
- Insurance fund
- FDIC
- FDIC certificate
- 1178
Other bank failures in Texas, 1987 to 1991
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| Alvarado National Bank | Alvarado | November 14, 1991 | $9.2 million | $9.5 million | $2.8 million | The First National Bank in |
| Union Bank | San Antonio | October 31, 1991 | $84.9 million | $85.2 million | $8.9 million | Channelview Bank |
| First National Bank, Bedford | Bedford | October 24, 1991 | $23.2 million | $23.3 million | $2.4 million | First International Bank |
| First Federal Savings | Lubbock | October 11, 1991 | $223.7 million | $222.5 million | $5.2 million | First NB of Lubbock |
| Reagan State Bank | Big Lake | October 3, 1991 | $20.3 million | $20.9 million | $4.6 million | Security State Bank |
| First Federal Savings | Beaumont | September 27, 1991 | $251.2 million | $251.7 million | $24.9 million | Kilgore FS&LA |
| Davy Crockett FS & La | Crockett | September 13, 1991 | $50.5 million | $48.3 million | $2.3 million | |
| The San Saba National Bank | San Saba | August 29, 1991 | $15.6 million | $15.5 million | $1.1 million | First Llano Bank |
Other failed banks First American Bank took over
| Bank | City | State | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|---|
| High Desert State Bank | Albuquerque | NM | June 25, 2010 | $80.3 million | $81 million | $28.4 million | First American Bank |
| Town Community Bank and Trust | Antioch | IL | January 15, 2010 | $70.8 million | $68.3 million | $23.3 million | First American Bank |
| United Citizens Bank, National Assoc | College Station | TX | February 28, 1991 | $44.9 million | $47.2 million | $9.8 million | First American Bank |
| Texas Commercial Sa | Sulphur Springs | TX | September 21, 1990 | $27.7 million | $26.8 million | $7 million | First American Bank |
| University National Bank of College Statio | College Station | TX | March 8, 1990 | $36.3 million | $39.5 million | $11.7 million | First American Bank |
| First California Savings | Orange | CA | April 6, 1989 | $161.4 million | $194.5 million | $73.7 million | First American Bank |
| Farmers National Bank of Erick | Erick | OK | February 7, 1985 | $16.8 million | $17.3 million | $3.6 million | First American Bank |
All bank failures in 1989 · All bank failures in Texas · Every failed bank First American 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.