Bank Failure
River Oaks State Bank
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Closed October 15, 1956 · Forth Worth, TX .
- Closing date
- October 15, 1956
- Headquarters
- Forth Worth, TX
- Total assets at closing
- $5.2M
- Total deposits at closing
- $4.7M
- 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 October 15, 1956, regulators closed River Oaks State Bank, headquartered in Forth Worth, TX. At closing, the institution held approximately $5.2M in assets and $4.7M in deposits. The FDIC record does not name an acquiring institution.
By assets at closing this is the 2984th largest of the 3,526 bank failures in the FDIC record, and the 2nd of 2 in 1956. 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 River Oaks State Bank fail?
River Oaks State Bank was closed by regulators on October 15, 1956.
How big was River Oaks State Bank when it failed?
River Oaks State Bank had approximately $5.2M in total assets and $4.7M in deposits at the time of failure.
Other failures in 1956
| Date | Bank | Assets |
|---|---|---|
| Dec 4, 1956 | The Home National of Ellenville | $7.7M |
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