MARLIN NATIONAL BANK Failed 1987

MARLIN, TX · National commercial bank (OCC-chartered) · view on FDIC BankFind ↗

What happened

MARLIN NATIONAL BANK of MARLIN, TX was closed on 1987-05-14. The FDIC was named receiver.

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

Deposits were transferred to BANK OF LONGVIEW NA (LONGVIEW, TX). Customers became depositors of the acquiring bank automatically.

Key facts

FDIC ID
1434
FDIC Certificate
14279
FDIC FIN
2686
Bank name
MARLIN NATIONAL BANK
Location
MARLIN, TX
Failure date
1987-05-14
FDIC resolution date
1987-05-14
Charter type
National commercial bank (OCC-chartered)
Resolution type
Purchase & Assumption — acquiring bank assumed deposits + bought assets
FDIC DIF cost (est.)
$13M
Deposits at failure
$44M
Assets at failure
$40M
Acquiring bank
BANK OF LONGVIEW NA (LONGVIEW, TX)