Data / Bank failures / 1985 / The Early Bank
The Early Bank, Early, TX: failed October 18, 1985
The Early Bank in Early, Texas, failed on October 18, 1985. Texas Bank of Brownwood, TX, took over its deposits. It held $15.8 million in assets and $15.1 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $3.1 million (19.6% of its assets). By assets it was the 132nd largest of 180 banks closed or assisted in 1985.
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The FDIC's record
- Closed
- October 18, 1985
- Type
- Failure
- How it was resolved
- Purchase and assumption: another bank took over the deposits
- Acquirer
- Texas Bank, Brownwood, TX
- Total assets
- $15,846,000
- Total deposits
- $15,130,000
- Estimated cost to the FDIC
- $3,102,578 (estimate as of July 31, 2026)
- Charter
- State nonmember bank (FDIC)
- Insurance fund
- FDIC
- FDIC certificate
- 23024
Other bank failures in Texas, 1983 to 1987
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| Usbank | Denton | December 17, 1987 | $86 million | $84.8 million | $19.6 million | United National Bank |
| Bank of Mabank | Mabank | December 17, 1987 | $43.8 million | $44.5 million | $9.7 million | First State Bank |
| MT. Pleasant S&LA (assistance) | MT. Pleasant | December 16, 1987 | $24.9 million | $29.3 million | $7.1 million | Sulphur Springs LN&BLDG Ass |
| Heritage National Bank | Austin | December 10, 1987 | $53.2 million | $51 million | $19.5 million | Community National Bank |
| Bancfirst-Austin, N.A. | Austin | December 10, 1987 | $25.3 million | $28 million | $14.1 million | Texas Capital Bank-Fort |
| The First National Bank in Rhome | Rhome | December 10, 1987 | $9.2 million | $9.3 million | $1.9 million | Continental State Bank |
| Crossroads Bank (assistance) | Victoria | December 3, 1987 | $25.1 million | $25.3 million | $1.3 million | Crossroads Bank |
| West Texas State Bank of Canyon | Canyon | November 13, 1987 | $20.4 million | $20 million | $3.3 million | First NB of Amarillo |
Other failed banks Texas Bank took over
| Bank | City | State | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|---|
| First State Bank | Bangs | TX | January 23, 1992 | $16.5 million | $16.4 million | $3 million | Texas Bank |
| Dripping Springs National Bank | Dripping Springs | TX | July 12, 1991 | $20.2 million | $20.5 million | $3.7 million | Texas Bank |
| Southwest National Bank | Austin | TX | June 28, 1990 | $33.6 million | $33.6 million | $7.3 million | Texas Bank |
| Citizens National Bank | Denton | TX | March 8, 1990 | $16.2 million | $16.8 million | $1.9 million | Texas Bank |
All bank failures in 1985 · All bank failures in Texas · Every failed bank Texas 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.