FIRST MEXIA BANK Failed 1991

MEXIA, TX · State commercial bank, non-Federal Reserve member (FDIC-supervised) · view on FDIC BankFind ↗

What happened

FIRST MEXIA BANK of MEXIA, TX was closed on 1991-08-22. The FDIC was named receiver.

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

Deposits were transferred to THE EAST TEXAS NATIONAL BAN (PALESTINE, TX). Customers became depositors of the acquiring bank automatically.

Key facts

FDIC ID
3167
FDIC Certificate
15379
FDIC FIN
4388
Bank name
FIRST MEXIA BANK
Location
MEXIA, TX
Failure date
1991-08-22
FDIC resolution date
1991-08-22
Charter type
State commercial bank, non-Federal Reserve member (FDIC-supervised)
Resolution type
Purchase & Assumption — acquiring bank assumed deposits + bought assets
FDIC DIF cost (est.)
$4M
Deposits at failure
$22M
Assets at failure
$22M
Acquiring bank
THE EAST TEXAS NATIONAL BAN (PALESTINE, TX)