Data / Bank failures / 1990 / Karnes County FS & La
Karnes County FS & La, Karnes City, TX: failed January 18, 1990
Karnes County FS & La in Karnes City, Texas, failed on January 18, 1990. Victoria B&TC of Victoria, TX, took over its deposits. It held $53.1 million in assets and $56.7 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $24.7 million (46.5% of its assets). By assets it was the 215th largest of 382 banks closed or assisted in 1990.
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The FDIC's record
- Closed
- January 18, 1990
- Type
- Failure
- How it was resolved
- Insured deposit transfer: the insured deposits moved to another bank
- Acquirer
- Victoria B&TC, Victoria, TX
- Total assets
- $53,124,000
- Total deposits
- $56,683,000
- Estimated cost to the FDIC
- $24,686,752 (estimate as of July 31, 2026)
- Charter
- Savings and loan association
- Insurance fund
- RTC
- FDIC certificate
- 31463
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 Victoria B&TC took over
| Bank | City | State | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|---|
| Executive Banc Sa | New Braunfels | TX | November 9, 1990 | $16.2 million | $15.5 million | $3.6 million | Victoria B&TC |
| First Federal Savings & Loan | New Braunfels | TX | May 25, 1990 | $232.3 million | $209 million | $29.6 million | Victoria B&TC |
| Western Gulf Savings | Bay City | TX | March 9, 1989 | $154.8 million | $243 million | $272.7 million | Victoria B&TC |
All bank failures in 1990 · All bank failures in Texas · Every failed bank Victoria B&TC took over · The full failed bank list
Read from the FDIC's failures data (BankFind), last updated 2026-10-24. 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.