THE FIRST NATIONAL BANK IN RHOME Failed 1987
What happened
THE FIRST NATIONAL BANK IN RHOME of RHOME, TX was closed on 1987-12-10. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to CONTINENTAL STATE BANK (BOYD, TX). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 1572
- FDIC Certificate
- 3406
- FDIC FIN
- 2762
- Bank name
- THE FIRST NATIONAL BANK IN RHOME
- Location
- RHOME, TX
- Failure date
- 1987-12-10
- FDIC resolution date
- 1987-12-10
- 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
- $9M
- Assets at failure
- $9M
- Acquiring bank
- CONTINENTAL STATE BANK (BOYD, TX)