FIRST NATIONAL BANK OF GRAND SALINE Failed 1990
What happened
FIRST NATIONAL BANK OF GRAND SALINE of GRAND SALINE, TX was closed on 1990-05-10. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to TEXAS NATIONAL BANK (LONGVIEW, TX). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 2756
- FDIC Certificate
- 16108
- FDIC FIN
- 4197
- Bank name
- FIRST NATIONAL BANK OF GRAND SALINE
- Location
- GRAND SALINE, TX
- Failure date
- 1990-05-10
- FDIC resolution date
- 1990-05-10
- Charter type
- National commercial bank (OCC-chartered)
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $6M
- Deposits at failure
- $29M
- Assets at failure
- $29M
- Acquiring bank
- TEXAS NATIONAL BANK (LONGVIEW, TX)
Other banks TEXAS NATIONAL BANK acquired in FDIC resolutions