Data / Bank failures / 1990 / United Peoples Bank
United Peoples Bank, Lampasas, TX: failed October 11, 1990
United Peoples Bank in Lampasas, Texas, failed on October 11, 1990. The First National Bank of of Lampasas, TX, took over its deposits. It held $32.7 million in assets and $32.8 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $6.5 million (19.8% of its assets). By assets it was the 270th largest of 382 banks closed or assisted in 1990.
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The FDIC's record
- Closed
- October 11, 1990
- Type
- Failure
- How it was resolved
- Purchase and assumption: another bank took over the deposits
- Acquirer
- The First National Bank of, Lampasas, TX
- Total assets
- $32,673,000
- Total deposits
- $32,826,000
- Estimated cost to the FDIC
- $6,474,343 (estimate as of July 31, 2026)
- Charter
- State nonmember bank (FDIC)
- Insurance fund
- BIF
- FDIC certificate
- 26225
Other bank failures in Texas, 1988 to 1992
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| Citizens State Bank (assistance) | Princeton | December 10, 1992 | $12.9 million | $12.8 million | $246,897 | Citizens State Bank |
| First City, Texas - San Antonio | San Antonio | October 30, 1992 | $265.7 million | $259 million | The Frost National Bank | |
| First City, Texas - Corpus Chris | Corpus Christi | October 30, 1992 | $462.8 million | $383.4 million | Mercantile Bank, NA | |
| First City, Texas - Aransas Pass | Aransas Pass | October 30, 1992 | $51.7 million | $47.2 million | Corpus Christi National Ban | |
| First City, Texas - Alice, NA | Alice | October 30, 1992 | $128 million | $118 million | Alice Bank of Texas | |
| First City, Texas - Kountze, NA | Kountze | October 30, 1992 | $51.3 million | $47 million | Citizens Bank | |
| First City, Texas - El Paso, NA | El Paso | October 30, 1992 | $395.9 million | $367.3 million | Sunwest Bank of El Paso | |
| First City, Texas - Lake Jackson | Lake Jackson | October 30, 1992 | $104.3 million | $96.4 million | First Heights Bank, FSB |
Other failed banks The First National Bank of took over
| Bank | City | State | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|---|
| The Washington Bank (of Maryland) | Baltimore | MD | May 10, 1991 | $39 million | $39 million | $968,346 | The First National Bank of |
| Boston Trade Bank | Boston | MA | May 3, 1991 | $307 million | $301.5 million | $127.3 million | The First National Bank of |
| The State Bank of Omaha | Omaha | TX | December 14, 1990 | $20.5 million | $20.6 million | $5.3 million | The First National Bank of |
| Merchantsbank of Boston, A Co-Op | Boston | MA | May 18, 1990 | $392.2 million | $391 million | $95.6 million | The First National Bank of |
| Alvord National Bank | Alvord | TX | March 29, 1990 | $7.6 million | $7.7 million | $495,560 | The First National Bank of |
| Liberty City State Bank | Liberty City | TX | March 15, 1990 | $15.2 million | $15 million | $1.5 million | The First National Bank of |
| Farmers State Bank of Shiro, Texas | Shiro | TX | January 25, 1990 | $4.6 million | $4.4 million | $2.1 million | The First National Bank of |
| First Security Bank of Glendive | Glendive | MT | December 1, 1989 | $32.4 million | $31.9 million | $387,903 | The First National Bank of |
All bank failures in 1990 · All bank failures in Texas · Every failed bank The First National Bank of 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.