Data / Bank failures / 1975 / Franklin Bank
Franklin Bank, Houston, TX: failed March 24, 1975
Franklin Bank in Houston, Texas, failed on March 24, 1975. It held $20.7 million in assets and $18.2 million in deposits at its last report. By assets it was the 4th largest of 13 banks closed or assisted in 1975.
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The FDIC's record
- Closed
- March 24, 1975
- Type
- Failure
- How it was resolved
- Payout: the FDIC paid insured depositors directly
- Total assets
- $20,690,000
- Total deposits
- $18,247,000
- Charter
- State nonmember bank (FDIC)
- Insurance fund
- FDIC
- FDIC certificate
- 19377
Other bank failures in Texas, 1973 to 1977
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| First State Bank & Trust Co. | Rio Grande City | November 19, 1976 | $13.8 million | $12.1 million | ||
| 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 | ||
| The First State Bank | Vernon | July 16, 1973 | $16.2 million | $14.8 million |
All bank failures in 1975 · 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.