# FIRST NATIONAL BANK OF GARLAND

> **Failed bank** · GARLAND, TX · failed 1990-03-29 · National commercial bank (OCC-chartered) · FDIC cost $2M

## What happened

FIRST NATIONAL BANK OF GARLAND of GARLAND, TX was closed by the OCC on **1990-03-29**. The FDIC was named receiver.

**Resolution:** Purchase & Assumption — acquiring bank assumed deposits + bought assets

Deposits were transferred to **STATE BANK OF TEXAS** (DALLAS, TX). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 2716
- **FDIC Certificate:** 24014
- **FDIC FIN:** 4173
- **Bank name:** FIRST NATIONAL BANK OF GARLAND
- **Location:** GARLAND, TX
- **Failure date:** 1990-03-29
- **FDIC resolution date:** 1990-03-29
- **Charter type:** National commercial bank (OCC-chartered)
- **Resolution type:** Purchase & Assumption — acquiring bank assumed deposits + bought assets
- **Estimated FDIC DIF cost:** $2M
- **Deposits at failure:** $10M
- **Assets at failure:** $9M
- **Acquiring bank:** STATE BANK OF TEXAS (DALLAS, TX)

## Other banks STATE BANK OF TEXAS has acquired in FDIC resolutions

- SEAWAY BANK AND TRUST COMPANY (CHICAGO, IL) — failed 2017-01-27 — /failed-bank/4090
- THE NATIONAL REPUBLIC BANK OF CHICAGO (CHICAGO, IL) — failed 2014-10-24 — /failed-bank/4073
- MILLENNIUM STATE BANK OF TEXAS (DALLAS, TX) — failed 2009-07-02 — /failed-bank/3645

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, FIRST NATIONAL BANK OF GARLAND (FDIC ID 2716), failed 1990-03-29. Retrieved via AI Analytics 2026-06-26 from https://api.ai-analytics.org/failed-bank/2716.

---

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