Data / Bank failures / 1959 / First State Bank
First State Bank, Tenaha, TX: failed December 3, 1959
First State Bank in Tenaha, Texas, failed on December 3, 1959. It held $1.3 million in assets and $1.1 million in deposits at its last report. By assets it was the largest of 3 banks closed or assisted in 1959.
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
- December 3, 1959
- Type
- Failure
- How it was resolved
- Payout: the FDIC paid insured depositors directly
- Total assets
- $1,277,000
- Total deposits
- $1,110,000
- Charter
- State nonmember bank (FDIC)
- Insurance fund
- FDIC
Other bank failures in Texas, 1957 to 1961
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| First State Bank | Premont | December 30, 1961 | $1.9 million | $1.7 million | ||
| Peoples State Bank | Richland Springs | May 5, 1958 | $618,000 | $574,000 | ||
| First State Bank of Yorktown | Yorktown | April 10, 1957 | $1.3 million | $1.2 million |
All bank failures in 1959 · 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.