MIDLOTHIAN NATIONAL BANK Failed 1989
What happened
MIDLOTHIAN NATIONAL BANK of MIDLOTHIAN, TX was closed on 1989-12-13. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to THE FIRST NATIONAL BANK IN (JOSHUA, TX). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 2587
- FDIC Certificate
- 24901
- FDIC FIN
- 4132
- Bank name
- MIDLOTHIAN NATIONAL BANK
- Location
- MIDLOTHIAN, TX
- Failure date
- 1989-12-13
- FDIC resolution date
- 1989-12-13
- Charter type
- National commercial bank (OCC-chartered)
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $4M
- Deposits at failure
- $12M
- Assets at failure
- $10M
- Acquiring bank
- THE FIRST NATIONAL BANK IN (JOSHUA, TX)
Other banks THE FIRST NATIONAL BANK IN acquired in FDIC resolutions