FIRST CONSOLIDATED BANK - FERRIS Failed 1989
What happened
FIRST CONSOLIDATED BANK - FERRIS of FERRIS, TX was closed on 1989-10-20. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to FIRST CITY, TEXAS-BRYAN, NA (BRYAN, TX). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 2536
- FDIC Certificate
- 1187
- FDIC FIN
- 4106
- Bank name
- FIRST CONSOLIDATED BANK - FERRIS
- Location
- FERRIS, TX
- Failure date
- 1989-10-20
- FDIC resolution date
- 1989-10-20
- Charter type
- State commercial bank, Federal Reserve member
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $3M
- Deposits at failure
- $11M
- Assets at failure
- $12M
- Acquiring bank
- FIRST CITY, TEXAS-BRYAN, NA (BRYAN, TX)