FIRST CITY, TEXAS - MADISONVILLE Failed 1992

What happened

FIRST CITY, TEXAS - MADISONVILLE of MADISONVILLE, TX was closed on 1992-10-30. The FDIC was named receiver.

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

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

Key facts

FDIC ID

3391

FDIC Certificate

3318

FDIC FIN

4536

Bank name

FIRST CITY, TEXAS - MADISONVILLE

Location

MADISONVILLE, TX

Failure date

1992-10-30

FDIC resolution date

1993-02-13

Charter type

National commercial bank (OCC-chartered)

Resolution type

Purchase & Assumption — acquiring bank assumed deposits + bought assets

FDIC DIF cost (est.)

$0M

Deposits at failure

$115M

Assets at failure

$123M

Acquiring bank

MADISONVILLE STATE BANK (MADISONVILLE, TX)