Data / Bank failures / 1993 / First State Bank
First State Bank, Vega, TX: failed April 1, 1993
First State Bank in Vega, Texas, failed on April 1, 1993. Citizens STB of Dalhart of Dalhart, TX, took over its deposits. It held $21.4 million in assets and $20.7 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $2.8 million (13.2% of its assets). By assets it was the 41st largest of 50 banks closed or assisted in 1993.
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The FDIC's record
- Closed
- April 1, 1993
- Type
- Failure
- How it was resolved
- Purchase and assumption of the insured deposits only
- Acquirer
- Citizens STB of Dalhart, Dalhart, TX
- Total assets
- $21,444,000
- Total deposits
- $20,743,000
- Estimated cost to the FDIC
- $2,828,441 (estimate as of July 31, 2026)
- Charter
- State nonmember bank (FDIC)
- Insurance fund
- BIF
- FDIC certificate
- 11890
Other bank failures in Texas, 1991 to 1995
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| Plaza Bank, N.A. of New Braunfels | New Braunfels | October 14, 1993 | $54.6 million | $56.9 million | $2.7 million | Texas Com Bank-New Braun |
| Tarrant Bank | Fort Worth | August 25, 1993 | $62.6 million | $59.7 million | $7.3 million | First Interstate BK of T |
| The Wolfe City National Bank | Wolfe City | July 29, 1993 | $30.4 million | $32.2 million | $4.9 million | Sulphur Springs State Ba |
| Fidelity National Bank | Houston | July 22, 1993 | $52.6 million | $50.3 million | $5.5 million | Comerica Bank Texas |
| Westheimer National Bank | Houston | July 1, 1993 | $27.9 million | $28.1 million | $8.2 million | Nationsbank of Texas NA |
| Bankcentral Amarillo | Amarillo | June 10, 1993 | $34.7 million | $34.1 million | $2.5 million | Amarillo National Bank |
| United Bank, N.A. | Lancaster | March 18, 1993 | $49.8 million | $49 million | $160,905 | Kilgore First National Bank |
| The Planters NB of Rosebud | Rosebud | February 25, 1993 | $13.7 million | $13.6 million | $1.5 million | First NB in Cameron |
Other failed banks Citizens STB of Dalhart took over
| Bank | City | State | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|---|
| The First State Bank | Childress | TX | May 12, 1988 | $14.9 million | $14.6 million | $3.5 million | Citizens STB of Dalhart |
All bank failures in 1993 · All bank failures in Texas · Every failed bank Citizens STB of Dalhart took over · 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.