METROPOLITAN NATIONAL BANK Failed 1990
What happened
METROPOLITAN NATIONAL BANK of MCALLEN, TX was closed on 1990-10-19. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to RAYMONDVILLE STATE BANK (RAYMONDVILLE, TX). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 2920
- FDIC Certificate
- 20863
- FDIC FIN
- 4287
- Bank name
- METROPOLITAN NATIONAL BANK
- Location
- MCALLEN, TX
- Failure date
- 1990-10-19
- FDIC resolution date
- 1990-10-19
- 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
- RAYMONDVILLE STATE BANK (RAYMONDVILLE, TX)
Other banks RAYMONDVILLE STATE BANK acquired in FDIC resolutions