Data / Bank failures / 1990 / First-Taylor National Bank
First-Taylor National Bank, Taylor, TX: failed May 17, 1990
First-Taylor National Bank in Taylor, Texas, failed on May 17, 1990. Citizens State Bank of Giddings, TX, took over its deposits. It held $74 million in assets and $79.8 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $10.9 million (14.7% of its assets). By assets it was the 178th largest of 382 banks closed or assisted in 1990.
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The FDIC's record
- Closed
- May 17, 1990
- Type
- Failure
- How it was resolved
- Purchase and assumption: another bank took over the deposits
- Acquirer
- Citizens State Bank, Giddings, TX
- Total assets
- $74,001,000
- Total deposits
- $79,791,000
- Estimated cost to the FDIC
- $10,857,394 (estimate as of July 31, 2026)
- Charter
- National bank (supervised by the OCC)
- Insurance fund
- BIF
- FDIC certificate
- 5547
Other bank failures in Texas, 1988 to 1992
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| Citizens State Bank (assistance) | Princeton | December 10, 1992 | $12.9 million | $12.8 million | $246,897 | Citizens State Bank |
| First City, Texas - San Antonio | San Antonio | October 30, 1992 | $265.7 million | $259 million | The Frost National Bank | |
| First City, Texas - Corpus Chris | Corpus Christi | October 30, 1992 | $462.8 million | $383.4 million | Mercantile Bank, NA | |
| First City, Texas - Aransas Pass | Aransas Pass | October 30, 1992 | $51.7 million | $47.2 million | Corpus Christi National Ban | |
| First City, Texas - Alice, NA | Alice | October 30, 1992 | $128 million | $118 million | Alice Bank of Texas | |
| First City, Texas - Kountze, NA | Kountze | October 30, 1992 | $51.3 million | $47 million | Citizens Bank | |
| First City, Texas - El Paso, NA | El Paso | October 30, 1992 | $395.9 million | $367.3 million | Sunwest Bank of El Paso | |
| First City, Texas - Lake Jackson | Lake Jackson | October 30, 1992 | $104.3 million | $96.4 million | First Heights Bank, FSB |
Other failed banks Citizens State Bank took over
| Bank | City | State | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|---|
| Citizens State Bank (assistance) | Princeton | TX | December 10, 1992 | $12.9 million | $12.8 million | $246,897 | Citizens State Bank |
| Burleson County Savings Assoc. | Caldwell | TX | May 31, 1991 | $31.5 million | $32 million | $7.4 million | Citizens State Bank |
| Peoples National Bank | Caldwell | TX | June 21, 1990 | $9.6 million | $10.8 million | $3.2 million | Citizens State Bank |
| First State Bank | Deanville | TX | April 20, 1989 | $9.4 million | $9.3 million | $1.3 million | Citizens State Bank |
| Citizens State Bank (assistance) | Hayfield | MN | January 27, 1988 | $28 million | $28.7 million | $783,034 | Citizens State Bank |
| Commercial State Bank | Pocahontas | IA | June 27, 1986 | $47.9 million | $42.9 million | $9.9 million | Citizens State Bank |
| The First National Bank of Gorman | Gorman | TX | February 27, 1986 | $14.5 million | $13.6 million | $5.7 million | Citizens State Bank |
All bank failures in 1990 · All bank failures in Texas · Every failed bank Citizens State Bank 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.