FIRST NATIONAL BANK OF TEXAS Failed 1992
What happened
FIRST NATIONAL BANK OF TEXAS of WEBSTER, TX was closed on 1992-07-23. The FDIC was named receiver.
Resolution: Payout / Insured deposits — FDIC paid insured deposits directly to depositors
Deposits were transferred to FIRST PROSPERITY BANK (EL CAMPO, TX). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 3361
- FDIC Certificate
- 26676
- FDIC FIN
- 4506
- Bank name
- FIRST NATIONAL BANK OF TEXAS
- Location
- WEBSTER, TX
- Failure date
- 1992-07-23
- FDIC resolution date
- 1992-07-23
- Charter type
- National commercial bank (OCC-chartered)
- Resolution type
- Payout / Insured deposits — FDIC paid insured deposits directly to depositors
- FDIC DIF cost (est.)
- $14M
- Deposits at failure
- $91M
- Assets at failure
- $92M
- Acquiring bank
- FIRST PROSPERITY BANK (EL CAMPO, TX)
Other banks FIRST PROSPERITY BANK acquired in FDIC resolutions