FIRST NATIONAL BANK OF ATASCOCITA Failed 1988
What happened
FIRST NATIONAL BANK OF ATASCOCITA of HARRIS COUNTY, TX was closed on 1988-09-01. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to FIRST INTERSTATE BK OF T (HOUSTON, TX). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 1908
- FDIC Certificate
- 25101
- FDIC FIN
- 2912
- Bank name
- FIRST NATIONAL BANK OF ATASCOCITA
- Location
- HARRIS COUNTY, TX
- Failure date
- 1988-09-01
- FDIC resolution date
- 1988-09-01
- Charter type
- National commercial bank (OCC-chartered)
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $3M
- Deposits at failure
- $11M
- Assets at failure
- $9M
- Acquiring bank
- FIRST INTERSTATE BK OF T (HOUSTON, TX)
Other banks FIRST INTERSTATE BK OF T acquired in FDIC resolutions