Data / Bank failures / 1985 / First National Bank in Clarksville
First National Bank in Clarksville, Clarksville, TX: failed January 24, 1985
First National Bank in Clarksville in Clarksville, Texas, failed on January 24, 1985. Citizens Bank of Clarksville, TX, took over its deposits. It held $35 million in assets and $33.4 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $8.7 million (24.9% of its assets). By assets it was the 81st largest of 180 banks closed or assisted in 1985.
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The FDIC's record
- Closed
- January 24, 1985
- Type
- Failure
- How it was resolved
- Purchase and assumption: another bank took over the deposits
- Acquirer
- Citizens Bank, Clarksville, TX
- Total assets
- $34,955,000
- Total deposits
- $33,390,000
- Estimated cost to the FDIC
- $8,696,958 (estimate as of July 31, 2026)
- Charter
- National bank (supervised by the OCC)
- Insurance fund
- FDIC
- FDIC certificate
- 13812
Other bank failures in Texas, 1983 to 1987
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| Usbank | Denton | December 17, 1987 | $86 million | $84.8 million | $19.6 million | United National Bank |
| Bank of Mabank | Mabank | December 17, 1987 | $43.8 million | $44.5 million | $9.7 million | First State Bank |
| MT. Pleasant S&LA (assistance) | MT. Pleasant | December 16, 1987 | $24.9 million | $29.3 million | $7.1 million | Sulphur Springs LN&BLDG Ass |
| Heritage National Bank | Austin | December 10, 1987 | $53.2 million | $51 million | $19.5 million | Community National Bank |
| Bancfirst-Austin, N.A. | Austin | December 10, 1987 | $25.3 million | $28 million | $14.1 million | Texas Capital Bank-Fort |
| The First National Bank in Rhome | Rhome | December 10, 1987 | $9.2 million | $9.3 million | $1.9 million | Continental State Bank |
| Crossroads Bank (assistance) | Victoria | December 3, 1987 | $25.1 million | $25.3 million | $1.3 million | Crossroads Bank |
| West Texas State Bank of Canyon | Canyon | November 13, 1987 | $20.4 million | $20 million | $3.3 million | First NB of Amarillo |
Other failed banks Citizens Bank took over
| Bank | City | State | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|---|
| Silver Falls Bank | Silverton | OR | February 20, 2009 | $134.2 million | $116 million | $39.1 million | Citizens Bank |
| Hartford-Carlisle SB | Carlisle | IA | January 14, 2000 | $105 million | $68.5 million | $11.6 million | Citizens Bank |
| First City, Texas - Kountze, NA | Kountze | TX | October 30, 1992 | $51.3 million | $47 million | Citizens Bank | |
| First City, Texas - Sour Lake | Sour Lake | TX | October 30, 1992 | $53.5 million | $48.8 million | Citizens Bank | |
| The First National Bank of Yorktown | Yorktown | TX | September 10, 1992 | $34.4 million | $34.5 million | $7.6 million | Citizens Bank |
| First Southwest FS & La | Tyler | TX | November 30, 1990 | $51.2 million | $45.3 million | $4.9 million | Citizens Bank |
| First Fsa of Nacogdoches | Nacogdoches | TX | November 30, 1990 | $61.9 million | $51.8 million | $22.3 million | Citizens Bank |
| The First National Bank of Levelland | Levelland | TX | August 30, 1990 | $62.2 million | $64.4 million | $9.4 million | Citizens Bank |
All bank failures in 1985 · All bank failures in Texas · Every failed bank Citizens 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.