# FIRST AMERICAN BANK & TRUST OF MANVEL

> **Failed bank** · MANVEL, TX · failed 1988-03-10 · State commercial bank, Federal Reserve member · FDIC cost $4M

## What happened

FIRST AMERICAN BANK & TRUST OF MANVEL of MANVEL, TX was closed by state regulators on **1988-03-10**. The FDIC was named receiver.

**Resolution:** Insured Deposit Transfer — insured deposits transferred to another bank

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


## Key facts

- **FDIC ID:** 1641
- **FDIC Certificate:** 23547
- **FDIC FIN:** 5931
- **Bank name:** FIRST AMERICAN BANK & TRUST OF MANVEL
- **Location:** MANVEL, TX
- **Failure date:** 1988-03-10
- **FDIC resolution date:** 1988-03-10
- **Charter type:** State commercial bank, Federal Reserve member
- **Resolution type:** Insured Deposit Transfer — insured deposits transferred to another bank
- **Estimated FDIC DIF cost:** $4M
- **Deposits at failure:** $12M
- **Assets at failure:** $12M
- **Acquiring bank:** FIRST NATIONAL BANK OF A (ALVIN, TX)

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=FIRST%20AMERICAN%20BANK%20%26%20TRUST%20OF%20MANVEL

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, FIRST AMERICAN BANK & TRUST OF MANVEL (FDIC ID 1641), failed 1988-03-10. Retrieved via AI Analytics 2026-05-18 from https://api.ai-analytics.org/failed-bank/1641.

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