FIRST CONSOLIDATED BANK - PLEASANT RUN Failed 1989
What happened
FIRST CONSOLIDATED BANK - PLEASANT RUN of LANCASTER, 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, (BRYAN, TX). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 2540
- FDIC Certificate
- 25782
- FDIC FIN
- 4110
- Bank name
- FIRST CONSOLIDATED BANK - PLEASANT RUN
- Location
- LANCASTER, 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
- FDIC DIF cost (est.)
- $6M
- Deposits at failure
- $20M
- Assets at failure
- $19M
- Acquiring bank
- FIRST CITY, TEXAS - BRYAN, (BRYAN, TX)
Other banks FIRST CITY, TEXAS - BRYAN, acquired in FDIC resolutions