FIRST CITY, TEXAS - SAN ANGELO, Failed 1992
What happened
FIRST CITY, TEXAS - SAN ANGELO, of SAN ANGELO, 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 FIRST NATIONAL BANK OF WEST (LUBBOCK, TX). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 3394
- FDIC Certificate
- 5506
- FDIC FIN
- 4539
- Bank name
- FIRST CITY, TEXAS - SAN ANGELO,
- Location
- SAN ANGELO, 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
- $132M
- Assets at failure
- $143M
- Acquiring bank
- FIRST NATIONAL BANK OF WEST (LUBBOCK, TX)