Bank Failure
Blanket State Bank
BankRegReports is independent of Blanket State Bank and never asks for online banking logins or passwords.
Closed January 31, 1966 · Blanket, TX .
- Closing date
- January 31, 1966
- Headquarters
- Blanket, TX
- Total assets at closing
- $1.3M
- Total deposits at closing
- $1.2M
- Estimated loss to the insurance fund
- Not published (the FDIC feed carries no estimate for this failure)
- Insurance fund
- FDIC insurance fund
- Resolution
- Failure (closed by regulators)
Context
On January 31, 1966, regulators closed Blanket State Bank, headquartered in Blanket, TX. At closing, the institution held approximately $1.3M in assets and $1.2M in deposits. The FDIC record does not name an acquiring institution.
By assets at closing this is the 3111th largest of the 3,526 bank failures in the FDIC record, and the 5th of 7 in 1966. It falls in the period the record labels Postwar Stability (1945-1979), a period with 161 failures peaking at 16 in 1976.
Three decades of regulated calm — Reg Q ceilings, geographic branching limits, and high industry profits kept failures rare.
Source: FDIC Failed Banks list. Asset and deposit values reflect the most recent regulatory filing prior to closing.
Common questions
When did Blanket State Bank fail?
Blanket State Bank was closed by regulators on January 31, 1966.
How big was Blanket State Bank when it failed?
Blanket State Bank had approximately $1.3M in total assets and $1.2M in deposits at the time of failure.
Other failures in 1966
| Date | Bank | Assets |
|---|---|---|
| Oct 17, 1966 | First State Bank of Tuscola | $3.3M |
| Oct 12, 1966 | Public Bank | $110.1M |
| Apr 7, 1966 | Bank of Gray Summit | $1.9M |
| Mar 17, 1966 | Saguache County National Bank | $512K |
| Jan 24, 1966 | Citizens Bank | $832K |
| Jan 12, 1966 | Five Points National Bank | $2.7M |
Explore: all failures · TX bank events · 1966 events · events hub