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Failed Bank List

Failed Bank Information for Franklin Bank, SSB, Houston, TX

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 February 1, 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

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Notice of Termination

Effective Date: October 1, 2023
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Notice of Intent to Terminate
Publication Date: May 22, 2023
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Balance Sheet

Report on assets and liabilities
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Dividend Information

Report on dividends paid
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Beware of Scams
If you are concerned about becoming a victim of fraud, be advised that you will not receive any communication from the FDIC requesting any private information. Be watchful for and resistant to any scams to obtain information from you by individuals or entities stating they are acting on behalf of Franklin Bank, SSB, Prosperity Bank, or the FDIC. The FDIC, however, will encourage you to correspond with us via the FDIC Claims Portal, a secure web portal.


Purchase & Assumption Agreement
Agreement between FDIC and acquiring institution

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