Data / Bank failures / 1965 / First State Bank
First State Bank, Covington, TX: failed April 5, 1965
First State Bank in Covington, Texas, failed on April 5, 1965. It held $606,000 in assets and $488,000 in deposits at its last report. By assets it was the 3rd largest of 5 banks closed or assisted in 1965.
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The FDIC's record
- Closed
- April 5, 1965
- Type
- Failure
- How it was resolved
- Purchase and assumption: another bank took over the deposits
- Total assets
- $606,000
- Total deposits
- $488,000
- Charter
- State nonmember bank (FDIC)
- Insurance fund
- FDIC
Other bank failures in Texas, 1963 to 1967
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| Sacul State Bank | Sacul | June 23, 1967 | $762,000 | $724,000 | ||
| First State Bank of Tuscola | Tuscola | October 17, 1966 | $3.3 million | $3.1 million | ||
| Blanket State Bank | Blanket | January 31, 1966 | $1.3 million | $1.2 million | ||
| Malone State Bank | Malone | February 25, 1965 | $589,000 | $524,000 | ||
| Winona State Bank | Winona | February 5, 1965 | $479,000 | $435,000 | ||
| First State Bank | Dell City | July 4, 1964 | $1.2 million | $1.1 million | ||
| The First National Bank of Marlin | Marlin | March 10, 1964 | $3.7 million | $3.5 million |
All bank failures in 1965 · All bank failures in Texas · 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.