# FIRST BANK & TRUST

> **Failed bank** · TOMBALL, TX · failed 1988-03-31 · State commercial bank, non-Federal Reserve member (FDIC-supervised) · FDIC cost $19M

## What happened

FIRST BANK & TRUST of TOMBALL, TX was closed by regulators on **1988-03-31**. The FDIC was named receiver.

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

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


## Key facts

- **FDIC ID:** 1658
- **FDIC Certificate:** 20260
- **FDIC FIN:** 2801
- **Bank name:** FIRST BANK & TRUST
- **Location:** TOMBALL, TX
- **Failure date:** 1988-03-31
- **FDIC resolution date:** 1988-03-31
- **Charter type:** State commercial bank, non-Federal Reserve member (FDIC-supervised)
- **Resolution type:** Purchase & Assumption — acquiring bank assumed deposits + bought assets
- **Estimated FDIC DIF cost:** $19M
- **Deposits at failure:** $59M
- **Assets at failure:** $69M
- **Acquiring bank:** HAMILTON NATIONAL BANK (HAMILTON, TX)

## Other banks HAMILTON NATIONAL BANK has acquired in FDIC resolutions

- COMMERCIAL STATE BANK (SAN AUGUSTINE, TX) — failed 1988-09-01 — /failed-bank/1904

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, FIRST BANK & TRUST (FDIC ID 1658), failed 1988-03-31. Retrieved via AI Analytics 2026-06-25 from https://api.ai-analytics.org/failed-bank/1658.

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