Data / Bank failures / 1992 / First State Bank
First State Bank, Bangs, TX: failed January 23, 1992
First State Bank in Bangs, Texas, failed on January 23, 1992. Texas Bank of Brownwood, TX, took over its deposits. It held $16.5 million in assets and $16.4 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $3 million (18% of its assets). By assets it was the 166th largest of 181 banks closed or assisted in 1992.
SpecStream is the live web data engine for teams and agents. It reads the FDIC failed bank data every morning, and this page is that reading. Ask for the banks you follow and each new closure arrives in your sheet, CRM, Slack or agent as the FDIC announces it.
The FDIC's record
- Closed
- January 23, 1992
- Type
- Failure
- How it was resolved
- Purchase and assumption: another bank took over the deposits
- Acquirer
- Texas Bank, Brownwood, TX
- Total assets
- $16,518,000
- Total deposits
- $16,416,000
- Estimated cost to the FDIC
- $2,976,882 (estimate as of July 31, 2026)
- Charter
- State nonmember bank (FDIC)
- Insurance fund
- BIF
- FDIC certificate
- 11138
Other bank failures in Texas, 1990 to 1994
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| Plaza Bank, N.A. of New Braunfels | New Braunfels | October 14, 1993 | $54.6 million | $56.9 million | $2.7 million | Texas Com Bank-New Braun |
| Tarrant Bank | Fort Worth | August 25, 1993 | $62.6 million | $59.7 million | $7.3 million | First Interstate BK of T |
| The Wolfe City National Bank | Wolfe City | July 29, 1993 | $30.4 million | $32.2 million | $4.9 million | Sulphur Springs State Ba |
| Fidelity National Bank | Houston | July 22, 1993 | $52.6 million | $50.3 million | $5.5 million | Comerica Bank Texas |
| Westheimer National Bank | Houston | July 1, 1993 | $27.9 million | $28.1 million | $8.2 million | Nationsbank of Texas NA |
| Bankcentral Amarillo | Amarillo | June 10, 1993 | $34.7 million | $34.1 million | $2.5 million | Amarillo National Bank |
| First State Bank | Vega | April 1, 1993 | $21.4 million | $20.7 million | $2.8 million | Citizens STB of Dalhart |
| United Bank, N.A. | Lancaster | March 18, 1993 | $49.8 million | $49 million | $160,905 | Kilgore First National Bank |
Other failed banks Texas Bank took over
| Bank | City | State | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|---|
| Dripping Springs National Bank | Dripping Springs | TX | July 12, 1991 | $20.2 million | $20.5 million | $3.7 million | Texas Bank |
| Southwest National Bank | Austin | TX | June 28, 1990 | $33.6 million | $33.6 million | $7.3 million | Texas Bank |
| Citizens National Bank | Denton | TX | March 8, 1990 | $16.2 million | $16.8 million | $1.9 million | Texas Bank |
| The Early Bank | Early | TX | October 18, 1985 | $15.8 million | $15.1 million | $3.1 million | Texas Bank |
All bank failures in 1992 · All bank failures in Texas · Every failed bank Texas 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.