FIRST CITY, TEXAS - AUSTIN, NA Failed 1992
What happened
FIRST CITY, TEXAS - AUSTIN, NA of AUSTIN, TX was closed on 1992-10-30. The FDIC was named receiver.
Resolution: Payout / Insured deposits — FDIC paid insured deposits directly to depositors
Deposits were transferred to THE FROST NATIONAL BANK (SAN ANTONIO, TX). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 3398
- FDIC Certificate
- 15721
- FDIC FIN
- 4525
- Bank name
- FIRST CITY, TEXAS - AUSTIN, NA
- Location
- AUSTIN, TX
- Failure date
- 1992-10-30
- FDIC resolution date
- 1993-02-13
- Charter type
- National commercial bank (OCC-chartered)
- Resolution type
- Payout / Insured deposits — FDIC paid insured deposits directly to depositors
- FDIC DIF cost (est.)
- $0M
- Deposits at failure
- $332M
- Assets at failure
- $346M
- Acquiring bank
- THE FROST NATIONAL BANK (SAN ANTONIO, TX)
Other banks THE FROST NATIONAL BANK acquired in FDIC resolutions