# FIRST NATIONAL BANK OF CORPUS CHRISTI

> **Failed bank** · CORPUS CHRISTI, TX · failed 1990-08-09 · National commercial bank (OCC-chartered) · FDIC cost $20M

## What happened

FIRST NATIONAL BANK OF CORPUS CHRISTI of CORPUS CHRISTI, TX was closed by the OCC on **1990-08-09**. The FDIC was named receiver.

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

Deposits were transferred to **FIRST CITY, TEXAS-CORPUS CH** (CORPUS CHRISTI, TX). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 2868
- **FDIC Certificate:** 18623
- **FDIC FIN:** 4256
- **Bank name:** FIRST NATIONAL BANK OF CORPUS CHRISTI
- **Location:** CORPUS CHRISTI, TX
- **Failure date:** 1990-08-09
- **FDIC resolution date:** 1990-08-09
- **Charter type:** National commercial bank (OCC-chartered)
- **Resolution type:** Purchase & Assumption — acquiring bank assumed deposits + bought assets
- **Estimated FDIC DIF cost:** $20M
- **Deposits at failure:** $117M
- **Assets at failure:** $117M
- **Acquiring bank:** FIRST CITY, TEXAS-CORPUS CH (CORPUS CHRISTI, TX)

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, FIRST NATIONAL BANK OF CORPUS CHRISTI (FDIC ID 2868), failed 1990-08-09. Retrieved via AI Analytics 2026-07-14 from https://api.ai-analytics.org/failed-bank/2868.

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