# FIRST CONSOLIDATED BANK - HILLSBORO

> **Failed bank** · HILLSBORO, TX · failed 1989-10-20 · National commercial bank (OCC-chartered) · FDIC cost $2M

## What happened

FIRST CONSOLIDATED BANK - HILLSBORO of HILLSBORO, TX was closed by the OCC on **1989-10-20**. The FDIC was named receiver.

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

Deposits were transferred to **FIRST STATE BANK, HUBBARD,** (HUBBARD, TX). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 2537
- **FDIC Certificate:** 3123
- **FDIC FIN:** 4107
- **Bank name:** FIRST CONSOLIDATED BANK - HILLSBORO
- **Location:** HILLSBORO, TX
- **Failure date:** 1989-10-20
- **FDIC resolution date:** 1989-10-20
- **Charter type:** National commercial bank (OCC-chartered)
- **Resolution type:** Purchase & Assumption — acquiring bank assumed deposits + bought assets
- **Estimated FDIC DIF cost:** $2M
- **Deposits at failure:** $11M
- **Assets at failure:** $11M
- **Acquiring bank:** FIRST STATE BANK, HUBBARD, (HUBBARD, TX)

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, FIRST CONSOLIDATED BANK - HILLSBORO (FDIC ID 2537), failed 1989-10-20. Retrieved via AI Analytics 2026-06-24 from https://api.ai-analytics.org/failed-bank/2537.

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