Data / Bank failures / 2009 / Millennium State Bank of Texas
Millennium State Bank of Texas, Dallas, TX: failed July 2, 2009
Millennium State Bank of Texas in Dallas, Texas, failed on July 2, 2009. State Bank of Texas of Irving, TX, took over its deposits. It held $118.6 million in assets and $115.5 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $52.7 million (44.4% of its assets). By assets it was the 116th largest of 148 banks closed or assisted in 2009.
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The FDIC's record
- Closed
- July 2, 2009
- Type
- Failure
- How it was resolved
- Purchase and assumption: another bank took over the deposits
- Acquirer
- State Bank of Texas, Irving, TX
- Total assets
- $118,601,000
- Total deposits
- $115,478,000
- Estimated cost to the FDIC
- $52,700,096 (estimate as of July 31, 2026)
- Charter
- State nonmember bank (FDIC)
- Insurance fund
- DIF
- FDIC certificate
- 57667
Other bank failures in Texas, 2007 to 2011
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| First International Bank | Plano | September 30, 2011 | $239.9 million | $208.8 million | $58 million | American First National Bank |
| The La Coste National Bank | La Coste | February 19, 2010 | $53.9 million | $49.3 million | $5.7 million | Community National Bank |
| Madisonville State Bank | Madisonville | October 30, 2009 | $256.3 million | $224.7 million | U.S. Bank, NA | |
| Citizens National Bank | Teague | October 30, 2009 | $118.2 million | $97.6 million | $5.8 million | U.S. Bank, NA |
| North Houston Bank | Houston | October 30, 2009 | $325.5 million | $307.2 million | $12 million | U.S. Bank, NA |
| Guaranty Bank | Austin | August 21, 2009 | $13.46 billion | $11.98 billion | Compass Bank | |
| Sanderson State Bank | Sanderson | December 12, 2008 | $38.2 million | $32 million | $7.7 million | The Pecos County Bank |
| Franklin Bank, SSB | Houston | November 7, 2008 | $5.09 billion | $3.69 billion | $614.1 million | Prosperity Bank |
Other failed banks State Bank of Texas took over
| Bank | City | State | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|---|
| Seaway Bank and Trust Company | Chicago | IL | January 27, 2017 | $297.8 million | $256.5 million | $43.7 million | State Bank of Texas |
| The National Republic Bank of Chicago | Chicago | IL | October 24, 2014 | $843.1 million | $809.6 million | $54.4 million | State Bank of Texas |
| First National Bank of Garland | Garland | TX | March 29, 1990 | $9.4 million | $10.1 million | $2.3 million | State Bank of Texas |
All bank failures in 2009 · All bank failures in Texas · Every failed bank State Bank of Texas 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.