Data / Bank failures / 1992 / Freedom Bank
Freedom Bank, Ranger, TX: received FDIC assistance October 16, 1992
Freedom Bank in Ranger, Texas, received open bank assistance from the FDIC on October 16, 1992. It held $20.9 million in assets and $20.3 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $3,266 (0% of its assets). By assets it was the 160th largest of 181 banks closed or assisted in 1992.
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The FDIC's record
- Closed
- October 16, 1992
- Type
- Open bank assistance
- How it was resolved
- Open bank assistance: the FDIC assisted the bank without closing it
- Acquirer
- Peoples State Bank, Clyde, TX
- Total assets
- $20,888,000
- Total deposits
- $20,338,000
- Estimated cost to the FDIC
- $3,266 (estimate as of July 31, 2026)
- Charter
- State nonmember bank (FDIC)
- Insurance fund
- BIF
- FDIC certificate
- 15579
Other bank failures in Texas, 1990 to 1994
| 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 |
| First State Bank | Vega | April 1, 1993 | $21.4 million | $20.7 million | $2.8 million | Citizens STB of Dalhart |
| United Bank, N.A. | Lancaster | March 18, 1993 | $49.8 million | $49 million | $160,905 | Kilgore First National Bank |
Other failed banks Peoples State Bank took over
| Bank | City | State | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|---|
| Red River S & L Assoc. | Coushatta | LA | December 14, 1989 | $10.4 million | $7.7 million | $3.3 million | Peoples State Bank |
| The Moran National Bank | Moran | TX | January 14, 1988 | $17.2 million | $17.5 million | $8.6 million | Peoples State Bank |
| Liberty Bank & Trust Company | Greenwood | LA | June 26, 1987 | $12.6 million | $12.2 million | $5.2 million | Peoples State Bank |
| Pelican State Bank | Mansfield | LA | June 24, 1987 | $7.2 million | $7 million | $3.4 million | Peoples State Bank |
All bank failures in 1992 · All bank failures in Texas · Every failed bank Peoples 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.