Data / Bank failures / 1988 / Pioneer National Bank
Pioneer National Bank, Arlington, TX: failed September 1, 1988
Pioneer National Bank in Arlington, Texas, failed on September 1, 1988. Deposit Guaranty Bank of Dallas, TX, took over its deposits. It held $20.3 million in assets and $22.6 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $6.2 million (30.6% of its assets). By assets it was the 382nd largest of 470 banks closed or assisted in 1988.
SpecStream is the live web data engine for teams and agents. It reads the FDIC failed bank data every morning, and this page is that reading. Ask for the banks you follow and each new closure arrives in your sheet, CRM, Slack or agent as the FDIC announces it.
The FDIC's record
- Closed
- September 1, 1988
- Type
- Failure
- How it was resolved
- Purchase and assumption: another bank took over the deposits
- Acquirer
- Deposit Guaranty Bank, Dallas, TX
- Total assets
- $20,289,000
- Total deposits
- $22,550,000
- Estimated cost to the FDIC
- $6,209,396 (estimate as of July 31, 2026)
- Charter
- National bank (supervised by the OCC)
- Insurance fund
- FDIC
- FDIC certificate
- 25699
Other bank failures in Texas, 1986 to 1990
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| Peoples State Bank | Dallas | December 14, 1990 | $30.3 million | $30.6 million | $6.3 million | Comerica Bank - Texas |
| The State Bank of Omaha | Omaha | December 14, 1990 | $20.5 million | $20.6 million | $5.3 million | The First National Bank of |
| Washington County State Bank | Brenham | December 13, 1990 | $77.7 million | $77.5 million | $9.4 million | Channelview Bank |
| Andrews Savings & Loan Assoc. | Andrews | December 7, 1990 | $126.1 million | $109.7 million | $11 million | |
| First National Bank of Rowlett | Rowlett | December 7, 1990 | $20.5 million | $21.4 million | $6.5 million | U.S. Trust Company of Texas |
| Heights Bank | Harker Heights | December 7, 1990 | $28.8 million | $27 million | $4.7 million | Heights State Bank |
| First Southwest FS & La | Tyler | November 30, 1990 | $51.2 million | $45.3 million | $4.9 million | Citizens Bank |
| Atascosa Sa | Jourdanton | November 30, 1990 | $34.7 million | $32.9 million | $7.1 million |
Other failed banks Deposit Guaranty Bank took over
| Bank | City | State | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|---|
| First National Bank of Richardson | Richardson | TX | June 30, 1989 | $44.5 million | $46.7 million | $8.8 million | Deposit Guaranty Bank |
| Premier Bank, A National Association | Dallas | TX | March 31, 1989 | $37.1 million | $35.6 million | $16.4 million | Deposit Guaranty Bank |
| First Bank of Rowlett | Rowlett | TX | March 23, 1989 | $35.6 million | $34.8 million | $6.9 million | Deposit Guaranty Bank |
| Citizens Bank Houston | Houston | TX | February 9, 1989 | $40.2 million | $37.1 million | $17 million | Deposit Guaranty Bank |
| Citizens Bank | Houston | TX | February 9, 1989 | $100.1 million | $102.1 million | $28.6 million | Deposit Guaranty Bank |
| Security Bank | Dallas | TX | October 20, 1988 | $21.8 million | $20.9 million | $6.6 million | Deposit Guaranty Bank |
| Highland Park National Bank | Dallas | TX | August 25, 1988 | $26.3 million | $31.2 million | $17.8 million | Deposit Guaranty Bank |
| Parkway Bank & Trust | Dallas | TX | June 9, 1988 | $42.3 million | $42.3 million | $18.5 million | Deposit Guaranty Bank |
All bank failures in 1988 · All bank failures in Texas · Every failed bank Deposit Guaranty 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.