# THE FIRST NATIONAL BANK IN RHOME

> **Failed bank** · RHOME, TX · failed 1987-12-10 · National commercial bank (OCC-chartered) · FDIC cost $2M

## What happened

THE FIRST NATIONAL BANK IN RHOME of RHOME, TX was closed by the OCC 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
- **Estimated FDIC DIF cost:** $2M
- **Deposits at failure:** $9M
- **Assets at failure:** $9M
- **Acquiring bank:** CONTINENTAL STATE BANK (BOYD, TX)

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, THE FIRST NATIONAL BANK IN RHOME (FDIC ID 1572), failed 1987-12-10. Retrieved via AI Analytics 2026-07-08 from https://api.ai-analytics.org/failed-bank/1572.

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