Data / Bank failures / 1966 / First State Bank of Tuscola
First State Bank of Tuscola, Tuscola, TX: failed October 17, 1966
First State Bank of Tuscola in Tuscola, Texas, failed on October 17, 1966. It held $3.3 million in assets and $3.1 million in deposits at its last report. By assets it was the 2nd largest of 7 banks closed or assisted in 1966.
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The FDIC's record
- Closed
- October 17, 1966
- Type
- Failure
- How it was resolved
- Purchase and assumption: another bank took over the deposits
- Total assets
- $3,330,000
- Total deposits
- $3,081,000
- Charter
- State nonmember bank (FDIC)
- Insurance fund
- FDIC
Other bank failures in Texas, 1964 to 1968
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| Lorenzo State Bank | Lorenzo | February 13, 1968 | $6.2 million | $5.6 million | ||
| Sacul State Bank | Sacul | June 23, 1967 | $762,000 | $724,000 | ||
| Blanket State Bank | Blanket | January 31, 1966 | $1.3 million | $1.2 million | ||
| First State Bank | Covington | April 5, 1965 | $606,000 | $488,000 | ||
| 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 1966 · 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.