Data / Bank failures / 1976 / First State Bank & Trust Co.
First State Bank & Trust Co., Rio Grande City, TX: failed November 19, 1976
First State Bank & Trust Co. in Rio Grande City, Texas, failed on November 19, 1976. It held $13.8 million in assets and $12.1 million in deposits at its last report. By assets it was the 10th largest of 17 banks closed or assisted in 1976.
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The FDIC's record
- Closed
- November 19, 1976
- Type
- Failure
- How it was resolved
- Purchase and assumption: another bank took over the deposits
- Total assets
- $13,754,000
- Total deposits
- $12,082,000
- Charter
- State nonmember bank (FDIC)
- Insurance fund
- FDIC
Other bank failures in Texas, 1974 to 1978
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| Citizens State Bank | Carrizo Springs | June 28, 1976 | $17.4 million | $15.9 million | ||
| Northeast Bank of Houston | Houston | June 3, 1976 | $18.1 million | $17.5 million | ||
| South Texas Bank | Houston | February 25, 1976 | $7.8 million | $7.1 million | ||
| Astro Bank | Houston | October 16, 1975 | $5.5 million | $5.2 million | ||
| Franklin Bank | Houston | March 24, 1975 | $20.7 million | $18.2 million |
All bank failures in 1976 · 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.