Bank Failure
The First State Bank
Closed May 12, 1969 · Dodson, TX .
- Closing date
- May 12, 1969
- Headquarters
- Dodson, TX
- Total assets at closing
- $1.1M
- Total deposits at closing
- $1.1M
- Estimated loss to DIF
- Not published (the FDIC feed carries no estimate for this failure)
- Resolution
- Failure (closed by regulators)
Context
On May 12, 1969, regulators closed The First State Bank, headquartered in Dodson, TX. At closing, the institution held approximately $1.1M in assets and $1.1M in deposits. The FDIC resolved the institution without a single-acquirer transaction.
By assets at closing this is the 3115th largest of the 3,526 bank failures in the FDIC record, and the 9th of 9 in 1969. 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 The First State Bank fail?
The First State Bank was closed by regulators on May 12, 1969.
How big was The First State Bank when it failed?
The First State Bank had approximately $1.1M in total assets and $1.1M in deposits at the time of failure.
Other failures in 1969
| Date | Bank | Assets |
|---|---|---|
| Oct 10, 1969 | The First National Bank of Coalville | $6.6M |
| Sep 5, 1969 | The First State Bank | $11.4M |
| Aug 22, 1969 | The Big Lake State Bank | $4.8M |
| Aug 20, 1969 | First National Bank of Ursa | $2.1M |
| May 28, 1969 | The State National Bank | $4.1M |
| May 6, 1969 | The Morrice State Bank | $2.3M |
| Apr 12, 1969 | Citizens State Bank | $2.6M |
| Feb 6, 1969 | The Rocky Mountain Bank | $8.6M |
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