FIRST CITY, TEXAS - ALICE, NA Failed 1992

What happened

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

Key facts

FDIC ID

3402

FDIC Certificate

17343

FDIC FIN

4523

Bank name

FIRST CITY, TEXAS - ALICE, NA

Location

ALICE, TX

Failure date

1992-10-30

FDIC resolution date

1993-02-13

Charter type

State commercial bank, non-Federal Reserve member (FDIC-supervised)

Resolution type

Purchase & Assumption — acquiring bank assumed deposits + bought assets

FDIC DIF cost (est.)

$0M

Deposits at failure

$118M

Assets at failure

$128M

Acquiring bank

ALICE BANK OF TEXAS (ALICE, TX)