Bank Failure
Sacul State Bank
BankRegReports is independent of Sacul State Bank and never asks for online banking logins or passwords.
Closed June 23, 1967 · Sacul, TX .
- Closing date
- June 23, 1967
- Headquarters
- Sacul, TX
- Total assets at closing
- $762K
- Total deposits at closing
- $724K
- 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 June 23, 1967, regulators closed Sacul State Bank, headquartered in Sacul, TX. At closing, the institution held approximately $762K in assets and $724K in deposits. The FDIC record does not name an acquiring institution.
By assets at closing this is the 3142nd largest of the 3,526 bank failures in the FDIC record, and the 4th of 4 in 1967. 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 Sacul State Bank fail?
Sacul State Bank was closed by regulators on June 23, 1967.
How big was Sacul State Bank when it failed?
Sacul State Bank had approximately $762K in total assets and $724K in deposits at the time of failure.
Other failures in 1967
| Date | Bank | Assets |
|---|---|---|
| Jul 7, 1967 | The Cedar Vale National Bank | $4.1M |
| Feb 17, 1967 | Southern Bank of St. Petersburg | $2.9M |
| Jan 31, 1967 | Bank of Pine Apple | $4.3M |
Explore: all failures · TX bank events · 1967 events · events hub