MEDCENTRE BANK,N.A. Failed 1989

SAN ANTONIO, TX · National commercial bank (OCC-chartered) · view on FDIC BankFind ↗

What happened

MEDCENTRE BANK,N.A. of SAN ANTONIO, TX was closed on 1989-09-14. The FDIC was named receiver.

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

Deposits were transferred to FIRST CITY, TEXAS-SAN ANTON (SAN ANTONIO, TX). Customers became depositors of the acquiring bank automatically.

Key facts

FDIC ID
2506
FDIC Certificate
25731
FDIC FIN
5992
Bank name
MEDCENTRE BANK,N.A.
Location
SAN ANTONIO, TX
Failure date
1989-09-14
FDIC resolution date
1989-09-14
Charter type
National commercial bank (OCC-chartered)
Resolution type
Purchase & Assumption — acquiring bank assumed deposits + bought assets
FDIC DIF cost (est.)
$7M
Deposits at failure
$30M
Assets at failure
$28M
Acquiring bank
FIRST CITY, TEXAS-SAN ANTON (SAN ANTONIO, TX)