FIRST NATIONAL BANK OF BORGER Failed 1986
What happened
FIRST NATIONAL BANK OF BORGER of BORGER, TX was closed on 1986-06-19. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to FIRST NB OF BORGER (BORGER, TX). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 1214
- FDIC Certificate
- 16683
- FDIC FIN
- 2568
- Bank name
- FIRST NATIONAL BANK OF BORGER
- Location
- BORGER, TX
- Failure date
- 1986-06-19
- FDIC resolution date
- 1986-06-19
- Charter type
- National commercial bank (OCC-chartered)
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $29M
- Deposits at failure
- $75M
- Assets at failure
- $80M
- Acquiring bank
- FIRST NB OF BORGER (BORGER, TX)