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
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TRANSACTION DOCUMENTATION
Purchase & Assumption Agreement
Agreement between FDIC and acquiring institution
BankFind Suite: Find Institutions by Name & Location
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