THE FIRST NATIONAL BANK OF POTH Failed 1991

POTH, TX · National commercial bank (OCC-chartered) · view on FDIC BankFind ↗

What happened

THE FIRST NATIONAL BANK OF POTH of POTH, TX was closed on 1991-05-09. The FDIC was named receiver.

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

Deposits were transferred to BANK OF FLORESVILLE (FLORESVILLE, TX). Customers became depositors of the acquiring bank automatically.

Key facts

FDIC ID
3088
FDIC Certificate
3397
FDIC FIN
4350
Bank name
THE FIRST NATIONAL BANK OF POTH
Location
POTH, TX
Failure date
1991-05-09
FDIC resolution date
1991-05-09
Charter type
National commercial bank (OCC-chartered)
Resolution type
Purchase & Assumption — acquiring bank assumed deposits + bought assets
FDIC DIF cost (est.)
$1M
Deposits at failure
$19M
Assets at failure
$19M
Acquiring bank
BANK OF FLORESVILLE (FLORESVILLE, TX)