# FIRST CONSOLIDATED BANK - FERRIS

> **Failed bank** · FERRIS, TX · failed 1989-10-20 · State commercial bank, Federal Reserve member · FDIC cost $3M

## What happened

FIRST CONSOLIDATED BANK - FERRIS of FERRIS, TX was closed by state regulators 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
- **Estimated FDIC DIF cost:** $3M
- **Deposits at failure:** $11M
- **Assets at failure:** $12M
- **Acquiring bank:** FIRST CITY, TEXAS-BRYAN, NA (BRYAN, TX)

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=FIRST%20CONSOLIDATED%20BANK%20-%20FERRIS

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, FIRST CONSOLIDATED BANK - FERRIS (FDIC ID 2536), failed 1989-10-20. Retrieved via AI Analytics 2026-07-02 from https://api.ai-analytics.org/failed-bank/2536.

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