# FIRST NATIONAL BANK OF FRISCO

> **Failed bank** · FRISCO, TX · failed 1989-12-07 · National commercial bank (OCC-chartered) · FDIC cost $1M

## What happened

FIRST NATIONAL BANK OF FRISCO of FRISCO, TX was closed by the OCC 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
- **Estimated FDIC DIF cost:** $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 has acquired in FDIC resolutions

- CENTRE NATIONAL BANK-FARMERS BRANCH (FARMERS BRANCH, TX) — failed 1990-06-21 — /failed-bank/2822
- ALLIANCE BANK, NATIONAL ASSOCIATION (AUSTIN, TX) — failed 1990-06-14 — /failed-bank/2812
- RICHMARK BANK (HOUSTON, TX) — failed 1990-06-07 — /failed-bank/2801
- FIRST NATIONAL BANK OF DESOTO (DESOTO, TX) — failed 1990-05-10 — /failed-bank/2759
- FIRST NATIONAL BANK, NORTHEAST (AUSTIN, TX) — failed 1990-05-03 — /failed-bank/2747
- SEARCH NATIONAL BANK (DALLAS, TX) — failed 1990-03-01 — /failed-bank/2682
- BANCTEXAS DALLAS, N.A. (DALLAS, TX) — failed 1990-01-26 — /failed-bank/2627
- WESTHEIMER MEMORIAL BANK, NA (HOUSTON, TX) — failed 1989-12-07 — /failed-bank/2577
- GREATER TEXAS BANK NORTH, NA (AUSTIN, TX) — failed 1989-11-30 — /failed-bank/2563
- EXECUTIVE NATIONAL BANK (SAN ANTONIO, TX) — failed 1989-11-16 — /failed-bank/2556

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, FIRST NATIONAL BANK OF FRISCO (FDIC ID 2576), failed 1989-12-07. Retrieved via AI Analytics 2026-05-17 from https://api.ai-analytics.org/failed-bank/2576.

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