FIRST CITIZENS BANK Failed 1986

DALLAS, TX · State commercial bank, non-Federal Reserve member (FDIC-supervised) · view on FDIC BankFind ↗

What happened

FIRST CITIZENS BANK of DALLAS, TX was closed on 1986-08-07. The FDIC was named receiver.

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

Deposits were transferred to GRAND BANK NORTHEAST (DALLAS, TX). Customers became depositors of the acquiring bank automatically.

Key facts

FDIC ID
1250
FDIC Certificate
17310
FDIC FIN
2589
Bank name
FIRST CITIZENS BANK
Location
DALLAS, TX
Failure date
1986-08-07
FDIC resolution date
1986-08-07
Charter type
State commercial bank, non-Federal Reserve member (FDIC-supervised)
Resolution type
Purchase & Assumption — acquiring bank assumed deposits + bought assets
FDIC DIF cost (est.)
$16M
Deposits at failure
$105M
Assets at failure
$113M
Acquiring bank
GRAND BANK NORTHEAST (DALLAS, TX)