# MERCANTILE BANK & TRUST

> **Failed bank** · SAN ANTONIO, TX · failed 1988-06-30 · State commercial bank, non-Federal Reserve member (FDIC-supervised) · FDIC cost $12M

## What happened

MERCANTILE BANK & TRUST of SAN ANTONIO, TX was closed by regulators on **1988-06-30**. The FDIC was named receiver.

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

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


## Key facts

- **FDIC ID:** 1785
- **FDIC Certificate:** 18167
- **FDIC FIN:** 2839
- **Bank name:** MERCANTILE BANK & TRUST
- **Location:** SAN ANTONIO, TX
- **Failure date:** 1988-06-30
- **FDIC resolution date:** 1988-06-30
- **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:** $12M
- **Deposits at failure:** $82M
- **Assets at failure:** $76M
- **Acquiring bank:** GROOS BANK NATIONAL ASSN (SAN ANTONIO, TX)

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, MERCANTILE BANK & TRUST (FDIC ID 1785), failed 1988-06-30. Retrieved via AI Analytics 2026-05-23 from https://api.ai-analytics.org/failed-bank/1785.

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