# FIRST NATIONAL BANK OF CROSBY

> **Failed bank** · CROSBY, TX · failed 1987-02-26 · National commercial bank (OCC-chartered) · FDIC cost $2M

## What happened

FIRST NATIONAL BANK OF CROSBY of CROSBY, TX was closed by the OCC 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
- **Estimated FDIC DIF cost:** $2M
- **Deposits at failure:** $8M
- **Assets at failure:** $8M
- **Acquiring bank:** FIRST NB OF CROSBY (CROSBY, TX)

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=FIRST%20NATIONAL%20BANK%20OF%20CROSBY

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, FIRST NATIONAL BANK OF CROSBY (FDIC ID 1372), failed 1987-02-26. Retrieved via AI Analytics 2026-05-18 from https://api.ai-analytics.org/failed-bank/1372.

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