Data / Bank failures / 1971 / Sharpstown State Bank
Sharpstown State Bank, Houston, TX: failed January 25, 1971
Sharpstown State Bank in Houston, Texas, failed on January 25, 1971. It held $78.9 million in assets and $66.8 million in deposits at its last report. By assets it was the 2nd largest of 7 banks closed or assisted in 1971.
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The FDIC's record
- Closed
- January 25, 1971
- Type
- Failure
- How it was resolved
- Payout: the FDIC paid insured depositors directly
- Total assets
- $78,903,000
- Total deposits
- $66,763,000
- Charter
- State nonmember bank (FDIC)
- Insurance fund
- FDIC
- FDIC certificate
- 18254
Other bank failures in Texas, 1969 to 1973
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| The First State Bank | Vernon | July 16, 1973 | $16.2 million | $14.8 million | ||
| The First State Bank | Aransas Pass | September 5, 1969 | $11.4 million | $10.5 million | ||
| The Big Lake State Bank | Big Lake | August 22, 1969 | $4.8 million | $4.4 million | ||
| The State National Bank | Lovelady | May 28, 1969 | $4.1 million | $3.8 million | ||
| The First State Bank | Dodson | May 12, 1969 | $1.1 million | $1.1 million | ||
| Citizens State Bank | Alvarado | April 12, 1969 | $2.6 million | $2.3 million |
All bank failures in 1971 · 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.