# THE FIRST NATIONAL BANK OF SAN MARCOS

> **Failed bank** · SAN MARCOS, TX · failed 1990-01-04 · National commercial bank (OCC-chartered) · FDIC cost $23M

## What happened

THE FIRST NATIONAL BANK OF SAN MARCOS of SAN MARCOS, TX was closed by the OCC 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
- **Estimated FDIC DIF cost:** $23M
- **Deposits at failure:** $80M
- **Assets at failure:** $78M
- **Acquiring bank:** VICTORIA BANK & TRUST COMPA (GONZALES, TX)

## Other banks VICTORIA BANK & TRUST COMPA has acquired in FDIC resolutions

- CROSSROADS BANK (VICTORIA, TX) — failed 1991-03-14 — /failed-bank/3037
- CANYON LAKE BANK (CANYON LAKE, TX) — failed 1989-12-14 — /failed-bank/2590

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, THE FIRST NATIONAL BANK OF SAN MARCOS (FDIC ID 2599), failed 1990-01-04. Retrieved via AI Analytics 2026-05-20 from https://api.ai-analytics.org/failed-bank/2599.

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*[FDIC failures dataset](/datasets/fdic-failures) · CC0 1.0*