Data / Bank failures / 1996 / First NB of the Panhandle
First NB of the Panhandle, Panhandle, TX: failed June 14, 1996
First NB of the Panhandle in Panhandle, Texas, failed on June 14, 1996. Sun Bank of Sunray, TX, took over its deposits. It held $68.1 million in assets and $68 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $16.3 million (23.9% of its assets). By assets it was the largest of 6 banks closed or assisted in 1996.
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The FDIC's record
- Closed
- June 14, 1996
- Type
- Failure
- How it was resolved
- Purchase and assumption of the insured deposits only
- Acquirer
- Sun Bank, Sunray, TX
- Total assets
- $68,126,000
- Total deposits
- $67,968,000
- Estimated cost to the FDIC
- $16,312,404 (estimate as of July 31, 2026)
- Charter
- National bank (supervised by the OCC)
- Insurance fund
- BIF
- FDIC certificate
- 3382
Other bank failures in Texas, 1994 to 1998
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| People's Bank & Trust | Borger | May 31, 1996 | $22.7 million | $22.3 million | $3.4 million | Boatmen's First NB of Amari |
All bank failures in 1996 · All bank failures in Texas · 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.