Data / Bank failures / 1986 / Panhandle Bank & Trust Company
Panhandle Bank & Trust Company, Borger, TX: failed December 4, 1986
Panhandle Bank & Trust Company in Borger, Texas, failed on December 4, 1986. Amarillo National Bank of Amarillo, TX, took over its deposits. It held $112.1 million in assets and $99.9 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $17.8 million (15.8% of its assets). By assets it was the 42nd largest of 204 banks closed or assisted in 1986.
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The FDIC's record
- Closed
- December 4, 1986
- Type
- Failure
- How it was resolved
- Purchase and assumption: another bank took over the deposits
- Acquirer
- Amarillo National Bank, Amarillo, TX
- Total assets
- $112,074,000
- Total deposits
- $99,900,000
- Estimated cost to the FDIC
- $17,761,223 (estimate as of July 31, 2026)
- Charter
- State nonmember bank (FDIC)
- Insurance fund
- FDIC
- FDIC certificate
- 15371
Other bank failures in Texas, 1984 to 1988
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| United Savings Association of Texas (assistance) | Houston | December 30, 1988 | $4.64 billion | $3.50 billion | $1.52 billion | United Sa of Texas FSB |
| Bayview Fsa (assistance) | Corpus Christi | December 29, 1988 | $64.6 million | $70.4 million | $48.2 million | Pacific Southwest SB FSB |
| Keystone S&LA (assistance) | Lampasas | December 29, 1988 | $30.7 million | $35.1 million | $23.8 million | Pacific Southwest SB FSB |
| Ranchers Savings Association (assistance) | Johnson City | December 29, 1988 | $56.2 million | $93.3 million | $112.4 million | Texas Trust Savings Bank FS |
| Independence S&LA (assistance) | Gonzales | December 29, 1988 | $59.1 million | $60.6 million | $53.2 million | Pacific Southwest Bank FSB |
| Lee Savings Association (assistance) | Giddings | December 29, 1988 | $73.9 million | $87.5 million | $62.7 million | Texas Trust Savings Bank FS |
| Union Sa (assistance) | San Antonio | December 29, 1988 | $72.1 million | $73.8 million | $42.7 million | Pacific Southwest SB FSB |
| Burnet S&LA (assistance) | Burnet | December 29, 1988 | $28.1 million | $27.4 million | $11.5 million | Texas Trust Savings Bank FS |
Other failed banks Amarillo National Bank took over
| Bank | City | State | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|---|
| Bankcentral Amarillo | Amarillo | TX | June 10, 1993 | $34.7 million | $34.1 million | $2.5 million | Amarillo National Bank |
All bank failures in 1986 · All bank failures in Texas · Every failed bank Amarillo National Bank 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.