Data / Bank failures / 2008 / Sanderson State Bank
Sanderson State Bank, Sanderson, TX: failed December 12, 2008
Sanderson State Bank in Sanderson, Texas, failed on December 12, 2008. The Pecos County Bank of Fort Stockton, TX, took over its deposits. It held $38.2 million in assets and $32 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $7.7 million (20.2% of its assets). By assets it was the 29th largest of 30 banks closed or assisted in 2008.
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The FDIC's record
- Closed
- December 12, 2008
- Type
- Failure
- How it was resolved
- Purchase and assumption: another bank took over the deposits
- Acquirer
- The Pecos County Bank, Fort Stockton, TX
- Total assets
- $38,217,000
- Total deposits
- $32,012,000
- Estimated cost to the FDIC
- $7,709,925 (estimate as of July 31, 2026)
- Charter
- State nonmember bank (FDIC)
- Insurance fund
- DIF
- FDIC certificate
- 11568
Other bank failures in Texas, 2006 to 2010
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| 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 | |
| Millennium State Bank of Texas | Dallas | July 2, 2009 | $118.6 million | $115.5 million | $52.7 million | State Bank of Texas |
| Franklin Bank, SSB | Houston | November 7, 2008 | $5.09 billion | $3.69 billion | $614.1 million | Prosperity Bank |
All bank failures in 2008 · All bank failures in Texas · 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.