FIRST NATIONAL BANK OF FRISCO Failed 1989
What happened
FIRST NATIONAL BANK OF FRISCO of FRISCO, TX was closed on 1989-12-07. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to HIBERNIA NATIONAL BANK IN T (PFLUGERVILLE, TX). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 2576
- FDIC Certificate
- 25166
- FDIC FIN
- 4127
- Bank name
- FIRST NATIONAL BANK OF FRISCO
- Location
- FRISCO, TX
- Failure date
- 1989-12-07
- FDIC resolution date
- 1989-12-07
- Charter type
- National commercial bank (OCC-chartered)
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $1M
- Deposits at failure
- $9M
- Assets at failure
- $9M
- Acquiring bank
- HIBERNIA NATIONAL BANK IN T (PFLUGERVILLE, TX)
Other banks HIBERNIA NATIONAL BANK IN T acquired in FDIC resolutions
- CENTRE NATIONAL BANK-FARMERS BRANCH (FARMERS BRANCH, TX) — failed 1990-06-21
- ALLIANCE BANK, NATIONAL ASSOCIATION (AUSTIN, TX) — failed 1990-06-14
- RICHMARK BANK (HOUSTON, TX) — failed 1990-06-07
- FIRST NATIONAL BANK OF DESOTO (DESOTO, TX) — failed 1990-05-10
- FIRST NATIONAL BANK, NORTHEAST (AUSTIN, TX) — failed 1990-05-03
- SEARCH NATIONAL BANK (DALLAS, TX) — failed 1990-03-01
- BANCTEXAS DALLAS, N.A. (DALLAS, TX) — failed 1990-01-26
- WESTHEIMER MEMORIAL BANK, NA (HOUSTON, TX) — failed 1989-12-07
- GREATER TEXAS BANK NORTH, NA (AUSTIN, TX) — failed 1989-11-30
- EXECUTIVE NATIONAL BANK (SAN ANTONIO, TX) — failed 1989-11-16