FIRST CITY, TEXAS - EL PASO, NA Failed 1992

What happened

FIRST CITY, TEXAS - EL PASO, NA of EL PASO, 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 SUNWEST BANK OF EL PASO (EL PASO, TX). Customers became depositors of the acquiring bank automatically.

Key facts

FDIC ID

3400

FDIC Certificate

16560

FDIC FIN

4530

Bank name

FIRST CITY, TEXAS - EL PASO, NA

Location

EL PASO, 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

$367M

Assets at failure

$396M

Acquiring bank

SUNWEST BANK OF EL PASO (EL PASO, TX)