# MIDLOTHIAN NATIONAL BANK

> **Failed bank** · MIDLOTHIAN, TX · failed 1989-12-13 · National commercial bank (OCC-chartered) · FDIC cost $4M

## What happened

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

- ALVARADO NATIONAL BANK (ALVARADO, TX) — failed 1991-11-14 — /failed-bank/3236
- BANK OF THE SOUTH (BATON ROUGE, LA) — failed 1991-10-30 — /failed-bank/3228
- FIRST NATIONAL BANK OF EAST BATON ROUGE (BATON ROUGE, LA) — failed 1989-05-04 — /failed-bank/2367

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, MIDLOTHIAN NATIONAL BANK (FDIC ID 2587), failed 1989-12-13. Retrieved via AI Analytics 2026-05-18 from https://api.ai-analytics.org/failed-bank/2587.

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