# TOWN & COUNTRY NATIONAL BANK

> **Failed bank** · HARLINGEN, TX · failed 1988-08-18 · National commercial bank (OCC-chartered) · FDIC cost $11M

## What happened

TOWN & COUNTRY NATIONAL BANK of HARLINGEN, TX was closed by the OCC on **1988-08-18**. The FDIC was named receiver.

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

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


## Key facts

- **FDIC ID:** 1859
- **FDIC Certificate:** 24194
- **FDIC FIN:** 2894
- **Bank name:** TOWN & COUNTRY NATIONAL BANK
- **Location:** HARLINGEN, TX
- **Failure date:** 1988-08-18
- **FDIC resolution date:** 1988-08-18
- **Charter type:** National commercial bank (OCC-chartered)
- **Resolution type:** Purchase & Assumption — acquiring bank assumed deposits + bought assets
- **Estimated FDIC DIF cost:** $11M
- **Deposits at failure:** $31M
- **Assets at failure:** $30M
- **Acquiring bank:** HARLINGEN NATIONAL BANK (HARLINGEN, TX)

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, TOWN & COUNTRY NATIONAL BANK (FDIC ID 1859), failed 1988-08-18. Retrieved via AI Analytics 2026-07-01 from https://api.ai-analytics.org/failed-bank/1859.

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