Data / Bank failures / 1989 / First National Bank of Richardson
First National Bank of Richardson, Richardson, TX: failed June 30, 1989
First National Bank of Richardson in Richardson, Texas, failed on June 30, 1989. Deposit Guaranty Bank of Dallas, TX, took over its deposits. It held $44.5 million in assets and $46.7 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $8.8 million (19.8% of its assets). By assets it was the 339th largest of 534 banks closed or assisted in 1989.
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The FDIC's record
- Closed
- June 30, 1989
- Type
- Failure
- How it was resolved
- Purchase and assumption: another bank took over the deposits
- Acquirer
- Deposit Guaranty Bank, Dallas, TX
- Total assets
- $44,549,000
- Total deposits
- $46,739,000
- Estimated cost to the FDIC
- $8,834,761 (estimate as of July 31, 2026)
- Charter
- National bank (supervised by the OCC)
- Insurance fund
- FDIC
- FDIC certificate
- 19069
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 Deposit Guaranty Bank took over
| Bank | City | State | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|---|
| Premier Bank, A National Association | Dallas | TX | March 31, 1989 | $37.1 million | $35.6 million | $16.4 million | Deposit Guaranty Bank |
| First Bank of Rowlett | Rowlett | TX | March 23, 1989 | $35.6 million | $34.8 million | $6.9 million | Deposit Guaranty Bank |
| Citizens Bank Houston | Houston | TX | February 9, 1989 | $40.2 million | $37.1 million | $17 million | Deposit Guaranty Bank |
| Citizens Bank | Houston | TX | February 9, 1989 | $100.1 million | $102.1 million | $28.6 million | Deposit Guaranty Bank |
| Security Bank | Dallas | TX | October 20, 1988 | $21.8 million | $20.9 million | $6.6 million | Deposit Guaranty Bank |
| Pioneer National Bank | Arlington | TX | September 1, 1988 | $20.3 million | $22.6 million | $6.2 million | Deposit Guaranty Bank |
| Highland Park National Bank | Dallas | TX | August 25, 1988 | $26.3 million | $31.2 million | $17.8 million | Deposit Guaranty Bank |
| Parkway Bank & Trust | Dallas | TX | June 9, 1988 | $42.3 million | $42.3 million | $18.5 million | Deposit Guaranty Bank |
All bank failures in 1989 · All bank failures in Texas · Every failed bank Deposit Guaranty 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.