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Texas Banks Skid?

Victory1Project has provided a forum for Detective Krum to continue addressing personal victory over personal finances through banking issues. If you have a comment or question regarding Detective Krum’s information, please post in the comments section or send us an email.

Detective Krum Investigates

Detective Krum

Texas Banks On A Skid

By: Detective Krum

In keeping with an old saying an informed person is wiser than a fool, I have taken the time to research specific banks to inform depositors of potential problems in their personal finances. Please look at the article defining banks failing by looking at this previous post by clicking previous postprevious post

Now I am looking at banks in Texas. What banks in Texas have a D, E, or F rating which puts them at great risk of failing? If you want to avoid potential long lines like IndyMac bank had in California, you may want to make a move with your deposits to a safer bank before the fall of your current bank. Texas banks may skid.

The following banks have an E rating which means red flags should be going up and their is a high risk this bank will fail. Remember, I am not giving financial advice and you do with this information what you will at your own risk. I am just providing information to help people make informed decisions.

Bank Rating Bank Name

E- First Bank, Snook, Texas

E+ Benchmark Bank Plano, Texas

E+ Old American City Mutual Fire Ins. Co, Texas

E+ Texas Republic Bank Frisco, Texas

E Texas National Bank Mercedes, Texas

D+ Cattleman’s National Round Mountain, Texas

D Citizens State Bank Woodville, Texas

D- Community State Bank Austin, Texas

D- Equity Bank Dallas, Texas

D- First Bank & Trust Dawson, Texas

D- Franklin Bank Houston, Texas

D- Independent Bank Irving, Texas

D- Millennium Bank Dallas, Texas

This is not an exhaustive list of possible bank failures coming to Texas. Texas appears to also have many insurance companies that have an E or D rating indicating a strong possibility to fail. Again, FDIC insurance will cover up to $ 100,000 of deposits however, no indication of how long you’ll have to wait to get your money and you could loose your house or car before you see your check from FDIC.

Recently reported through Bloomberg was the laying of of about 1,100 employees at HSBC (bank) in America. Yet we have discovered the following: The UK has a bank named B&B which is going to fail. There are three potential buyers for B&B bank in the UK and one of those buyers is HSBC. How can HSBC lay off 1,100 American workers and turn around and buy the assets of B&B bank in the UK? That might be a question for HSBC. HSBC has three banks in Delaware one in Maryland and one in Nevada. Only the Nevada bank has a (B-) rating the other three have Ds and one (an insurance unit) has a C rating.

To end this on a positive note, per victory1project, Texas has about 91 ( A ) rated banks. If you need more information about a bank in Texas, comment here or send an email.


September 28, 2008 - Posted by | 1, Victory 1 News | , , , ,


  1. What is the rating of Guaranty Bank in Bryan, Texas?


    Comment by John Hamilton | October 3, 2008

  2. John,
    Guaranty Bank – there is no Guaranty Bank in Bryan, Texas so it must be a branch.
    There are four Guaranty Bank locations:
    1. Milwaukee, Wisc. rated (D-)
    2. Mamou, Louisana rated (B)
    3. Springfield, Missouri rated (C-)
    There is a Guaranty Bank in Austin, Texas and it has a ( D+ ) rating and if it were me, I’d pull my money out.
    Detective Krum

    Comment by victory1project | October 4, 2008

  3. How do I get a list of the 91 A rated banks in Texas?
    Could I get a list of the banks in Wichita Falls, Texas rated?
    What about American National Bank, Wichita Falls
    Wells Fargo, Wichita Falls, Texas
    Prosperity Bank, Dallas Texas

    Comment by Vivian Grammer | February 23, 2009

  4. Vivian,
    Wells Fargo has 6 banks. None of the 6 are from Texas so the Texas Wells Fargo are probably from one of the other Wells Fargo. Another words, Wells Fargo from say Calif. or Colorado are probably the parent bank. All 6 Wells Fargo are rated C something – either C-, C or C+
    American National of Wichita Falls, Texas is rated B+ (good rating may be sound)
    There is no Prosperity Bank per say but I haven’t checked all my resources but there is a Prosper Bank of Prosper, Texas and it is rated D- (not good).
    American National appears to be the best out of your list. Hope that helps.
    Detective Krum

    Comment by victory1project | February 24, 2009

  5. My bank Texas State Bank was recently purchased by Compass which I understand is a subsidiary of BBBA of Spain. How safe is it. I also have money in Lone Star National Bank. Can you comment on these Thank you

    Comment by emily askew | March 26, 2009

  6. Compass Bank has 3 main offices so the one you deal with is a branch most likely and is part of one of the 3. Compass’ ratings for:
    Birmingham, Alabama office is a D+
    Seaside, Oregon office is a C
    Wilmerding, Pennsylvania is a C-
    You need to ask at your branch, where is their corporate office and make them be specific.

    There is no BBBA with FDIC and you can search a bank at this site:

    Hope that helps and tell your friends about our website to help them secure their assets.

    Detective Krum

    Comment by DetectiveKrum | March 26, 2009

  7. I found it useful to have a look at

    Comment by Willow | July 8, 2009

  8. […] Weak Texas Banks listed here. […]

    Pingback by Weak Banks and Weak Bank Directory « Victory 1 Project | October 1, 2009

  9. What is the rating of City Bank Texas

    Comment by John Johnson | October 9, 2009

  10. You didn’t provide a city for me so I’ll try to give you an idea.
    There is a City Bank in Lubbock, Texas that has a (C-) rating.
    Hope that helps.

    Comment by Krum | October 9, 2009

  11. how about Preferred Bank of Houston please????

    Comment by marje hughes | February 20, 2010

  12. Marjie,
    Preferred Bank in Houston has a (C- ) rating.


    Comment by Krum | February 23, 2010

  13. Detective Krum,
    I am not a happy camper with JP Morgan Chase (Chase Bank) and have been looking to put my pennies in a Texas Independant Bank. I dont want to feed a dying monster (failing) nor do I want to handcuff myslef by restricting my options currently provided. (online banking, immediate availability, checking, savings, money market accounts). I am looking at Extraco, but not necessarily sold on it. I am in a small town, not a big ATM person, and looking for some insight. Can you give me a shout (email) and give me a 411 on the wise decision?


    Comment by KR | May 23, 2010

  14. KR
    I do not give legal or financial advice and you may want to seek out a professional in those fields.

    That said, Texas Independent Bank appears to be “independent” and not a part of FDIC. Does that mean it is not a good bank? Not necessarily. If I were considering a bank not part of FDIC, I would want to see their financials and look for independent auditors who verify their financial strength.

    If you go to FDIC’s site here you will see Texas has 98 banks listed with FDIC and you can research their financial strength.

    Comment by Krum | May 25, 2010

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