METROPOLITAN NATIONAL BANK Failed 1991
What happened
METROPOLITAN NATIONAL BANK of FARMERS BRANCH, TX was closed on 1991-01-24. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to COMERICA BANK-TEXAS (DALLAS, TX). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 2996
- FDIC Certificate
- 23461
- FDIC FIN
- 4314
- Bank name
- METROPOLITAN NATIONAL BANK
- Location
- FARMERS BRANCH, TX
- Failure date
- 1991-01-24
- FDIC resolution date
- 1991-01-24
- Charter type
- National commercial bank (OCC-chartered)
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $15M
- Deposits at failure
- $98M
- Assets at failure
- $97M
- Acquiring bank
- COMERICA BANK-TEXAS (DALLAS, TX)
Other banks COMERICA BANK-TEXAS acquired in FDIC resolutions