# THE FIRST NATIONAL BANK OF OLNEY

> **Failed bank** · OLNEY, TX · failed 1987-03-12 · National commercial bank (OCC-chartered) · FDIC cost $2M

## What happened

THE FIRST NATIONAL BANK OF OLNEY of OLNEY, TX was closed by the OCC on **1987-03-12**. The FDIC was named receiver.

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

Deposits were transferred to **FIRST NATIONAL BANK OF O** (OLNEY, TX). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 1382
- **FDIC Certificate:** 3372
- **FDIC FIN:** 2659
- **Bank name:** THE FIRST NATIONAL BANK OF OLNEY
- **Location:** OLNEY, TX
- **Failure date:** 1987-03-12
- **FDIC resolution date:** 1987-03-12
- **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:** $17M
- **Assets at failure:** $17M
- **Acquiring bank:** FIRST NATIONAL BANK OF O (OLNEY, TX)

## Other banks FIRST NATIONAL BANK OF O has acquired in FDIC resolutions

- THE FIRST NATIONAL BANK OF ONAGA (ONAGA, KS) — failed 1985-07-23 — /failed-bank/1035
- DAVID CITY BANK (DAVID CITY, NE) — failed 1984-09-06 — /failed-bank/913

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, THE FIRST NATIONAL BANK OF OLNEY (FDIC ID 1382), failed 1987-03-12. Retrieved via AI Analytics 2026-05-17 from https://api.ai-analytics.org/failed-bank/1382.

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