THE FIRST NATIONAL BANK OF SAN MARCOS Failed 1990
What happened
THE FIRST NATIONAL BANK OF SAN MARCOS of SAN MARCOS, TX was closed on 1990-01-04. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to VICTORIA BANK & TRUST COMPA (GONZALES, TX). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 2599
- FDIC Certificate
- 5517
- FDIC FIN
- 4140
- Bank name
- THE FIRST NATIONAL BANK OF SAN MARCOS
- Location
- SAN MARCOS, TX
- Failure date
- 1990-01-04
- FDIC resolution date
- 1990-01-04
- Charter type
- National commercial bank (OCC-chartered)
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $23M
- Deposits at failure
- $80M
- Assets at failure
- $78M
- Acquiring bank
- VICTORIA BANK & TRUST COMPA (GONZALES, TX)
Other banks VICTORIA BANK & TRUST COMPA acquired in FDIC resolutions