Data / Bank failures / 1961 / First State Bank
First State Bank, Premont, TX: failed December 30, 1961
First State Bank in Premont, Texas, failed on December 30, 1961. It held $1.9 million in assets and $1.7 million in deposits at its last report. By assets it was the 2nd largest of 5 banks closed or assisted in 1961.
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The FDIC's record
- Closed
- December 30, 1961
- Type
- Failure
- How it was resolved
- Payout: the FDIC paid insured depositors directly
- Total assets
- $1,882,000
- Total deposits
- $1,652,000
- Charter
- State member bank (Federal Reserve)
- Insurance fund
- FDIC
Other bank failures in Texas, 1959 to 1963
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| First State Bank | Tenaha | December 3, 1959 | $1.3 million | $1.1 million |
All bank failures in 1961 · 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.