by Calculated Risk on 12/12/2008 07:03:00 PM

From the FDIC: The Pecos County Bank Acquires All the Deposits of Sanderson State Bank, Sanderson, Texas

Sanderson State Bank, Sanderson, Texas, was closed today by the Texas Department of Banking, and the Federal Deposit Insurance Corporation (FDIC) was named receiver. ...

As of December 3, 2008, Sanderson State Bank had total assets of $37 million and total deposits of $27.9...

The FDIC estimates that the cost to the Deposit Insurance Fund will be $12.5 million. ... Sanderson State Bank is the 25th bank to fail in the nation this year, and the second in Texas. The last bank to be closed in the state was Franklin Bank, SSB, Houston, TX, on November 7, 2008.

Twofer today. Maybe three?