THE CITY NATIONAL BANK OF PLAINVIEW Failed 1986

What happened

THE CITY NATIONAL BANK OF PLAINVIEW of PLAINVIEW, TX was closed on 1986-03-06. The FDIC was named receiver.

Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets

Deposits were transferred to FIRST NB OF PLAINVIEW (PLAINVIEW, TX). Customers became depositors of the acquiring bank automatically.

Key facts

FDIC ID

1155

FDIC Certificate

13920

FDIC FIN

2540

Bank name

THE CITY NATIONAL BANK OF PLAINVIEW

Location

PLAINVIEW, TX

Failure date

1986-03-06

FDIC resolution date

1986-03-06

Charter type

National commercial bank (OCC-chartered)

Resolution type

Purchase & Assumption — acquiring bank assumed deposits + bought assets

FDIC DIF cost (est.)

$2M

Deposits at failure

$50M

Assets at failure

$48M

Acquiring bank

FIRST NB OF PLAINVIEW (PLAINVIEW, TX)