On Friday, November 7, 2008, Franklin Bank, SSB was closed by the Texas Department of Savings and Mortgage Lending. The FDIC was named Receiver. Prosperity Bank, El Campo, TX acquired all deposit accounts.
The FDIC as Receiver for Franklin Bank, SSB, Houston, TX has taken all actions necessary to terminate the Receivership Estate. The Receiver published a legal notice of intent to terminate the receivership on May 22, 2023 and has made all dividend distributions required by law.
Effective October 1, 2023, the Receiver was discharged and the Receivership Estate was terminated and ceased existence as a legal entity.
Receivership Status: TERMINATED
Notice of Termination
Effective Date: October 1, 2023
Notice of Intent to Terminate
Publication Date: May 22, 2023
Dividend Information
Report on dividends paid
Press Release
Official press release
Beware of Scams
Please be advised that you will not receive any email notification to claim/unlock/suspend your account or to provide any private information. Please be aware of any phishing scams to obtain information from you.
TRANSACTION DOCUMENTATION
Purchase & Assumption Agreement
Agreement between FDIC and acquiring institution
BankFind Suite: Find Institutions by Name & Location
BankFind Suite allows you to locate the failed bank by name or FDIC certificate number.