# CLIFTON NATIONAL BANK

> **Failed bank** · CLIFTON, TX · failed 1990-06-07 · National commercial bank (OCC-chartered) · FDIC cost $2M

## What happened

CLIFTON NATIONAL BANK of CLIFTON, TX was closed by the OCC on **1990-06-07**. The FDIC was named receiver.

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

Deposits were transferred to **FIRST NATIONAL BANK IN VALL** (VALLEY MILLS, TX). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 2804
- **FDIC Certificate:** 25300
- **FDIC FIN:** 4222
- **Bank name:** CLIFTON NATIONAL BANK
- **Location:** CLIFTON, TX
- **Failure date:** 1990-06-07
- **FDIC resolution date:** 1990-06-07
- **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:** $12M
- **Assets at failure:** $12M
- **Acquiring bank:** FIRST NATIONAL BANK IN VALL (VALLEY MILLS, TX)

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, CLIFTON NATIONAL BANK (FDIC ID 2804), failed 1990-06-07. Retrieved via AI Analytics 2026-05-17 from https://api.ai-analytics.org/failed-bank/2804.

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