# MC ALLEN STATE BANK

> **Failed bank** · MC ALLEN, TX · failed 1988-04-19 · State commercial bank, non-Federal Reserve member (FDIC-supervised) · FDIC cost $2M

## What happened

MC ALLEN STATE BANK of MC ALLEN, TX was closed by regulators on **1988-04-19**. The FDIC was named receiver.

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

Deposits were transferred to **FIRST CITY NB OF HOUSTON** (HOUSTON, TX). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 1671
- **FDIC Certificate:** 16353
- **FDIC FIN:** 2807
- **Bank name:** MC ALLEN STATE BANK
- **Location:** MC ALLEN, TX
- **Failure date:** 1988-04-19
- **FDIC resolution date:** 1988-04-19
- **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:** $2M
- **Deposits at failure:** $556M
- **Assets at failure:** $580M
- **Acquiring bank:** FIRST CITY NB OF HOUSTON (HOUSTON, TX)

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=MC%20ALLEN%20STATE%20BANK

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, MC ALLEN STATE BANK (FDIC ID 1671), failed 1988-04-19. Retrieved via AI Analytics 2026-05-18 from https://api.ai-analytics.org/failed-bank/1671.

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