Texas Community Bank, The Woodlands, Texas, Becomes 24th Bank Failure of 2013

Texas Community Bank, National Association, The Woodlands, Texas, was closed today by the Office of the Comptroller of the Currency.  The FDIC, appointed as receiver for the failed bank, sold Texas Community to Spirit of Texas Bank, College Station, Texas, which will assume all deposits of the failed bank. Founded in September 2002, Texas Community […]

First National Bank, Edinburg, Texas, Closed By Regulators – Largest Bank Failure In Over Three Years

The biggest banking failure of 2013 occurred today in Texas as regulators closed the First National Bank, Edinburg, Texas,   The failed bank becomes the 22nd banking failure of the year and the first in Texas. First National Bank, with $3.1 billion in total assets, is the largest bank failure since May 14, 2010 when Midwest […]