WASHINGTON - BancCentral Amarillo failed last week, and the Federal Deposit Insurance Corp. transferred its $35 million in deposits to Amarillo National Bank.

It was the 20th bank failure of 1993 and the fifth in Texas this year. In failures during 1993, Texas is second only to California, where eight banks have failed so far this year.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.