FIRST NATIONAL BANK OF SANGER Failed 1990
What happened
FIRST NATIONAL BANK OF SANGER of SANGER, TX was closed on 1990-03-01. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to THE GAINESVILLE NATIONAL BA (GAINESVILLE, TX). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 2680
- FDIC Certificate
- 5516
- FDIC FIN
- 4157
- Bank name
- FIRST NATIONAL BANK OF SANGER
- Location
- SANGER, TX
- Failure date
- 1990-03-01
- FDIC resolution date
- 1990-03-01
- Charter type
- National commercial bank (OCC-chartered)
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $3M
- Deposits at failure
- $20M
- Assets at failure
- $20M
- Acquiring bank
- THE GAINESVILLE NATIONAL BA (GAINESVILLE, TX)
Other banks THE GAINESVILLE NATIONAL BA acquired in FDIC resolutions