FIRST NATIONAL BANK OF CROSBY Failed 1987
What happened
FIRST NATIONAL BANK OF CROSBY of CROSBY, TX was closed on 1987-02-26. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to FIRST NB OF CROSBY (CROSBY, TX). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 1372
- FDIC Certificate
- 24356
- FDIC FIN
- 2651
- Bank name
- FIRST NATIONAL BANK OF CROSBY
- Location
- CROSBY, TX
- Failure date
- 1987-02-26
- FDIC resolution date
- 1987-02-26
- 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
- $8M
- Assets at failure
- $8M
- Acquiring bank
- FIRST NB OF CROSBY (CROSBY, TX)