Bank Failure
The State National Bank
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Closed May 28, 1969 · Lovelady, TX .
- Closing date
- May 28, 1969
- Headquarters
- Lovelady, TX
- Total assets at closing
- $4.1M
- Total deposits at closing
- $3.8M
- 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 May 28, 1969, regulators closed The State National Bank, headquartered in Lovelady, TX. At closing, the institution held approximately $4.1M in assets and $3.8M in deposits. The FDIC record does not name an acquiring institution.
By assets at closing this is the 3026th largest of the 3,526 bank failures in the FDIC record, and the 5th 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 State National Bank fail?
The State National Bank was closed by regulators on May 28, 1969.
How big was The State National Bank when it failed?
The State National Bank had approximately $4.1M in total assets and $3.8M 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 12, 1969 | The First State Bank | $1.1M |
| 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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