THE FIRST NATIONAL BANK OF BANDERA Failed 1986
What happened
THE FIRST NATIONAL BANK OF BANDERA of BANDERA, TX was closed on 1986-04-24. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to BANDERA BANK (BANDERA, TX). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 1185
- FDIC Certificate
- 3088
- FDIC FIN
- 2553
- Bank name
- THE FIRST NATIONAL BANK OF BANDERA
- Location
- BANDERA, TX
- Failure date
- 1986-04-24
- FDIC resolution date
- 1986-04-24
- 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
- $15M
- Assets at failure
- $16M
- Acquiring bank
- BANDERA BANK (BANDERA, TX)