# FIRST CITY, TEXAS - CORPUS CHRIS

> **Failed bank** · CORPUS CHRISTI, TX · failed 1992-10-30 · State commercial bank, Federal Reserve member

## What happened

FIRST CITY, TEXAS - CORPUS CHRIS of CORPUS CHRISTI, TX was closed by state regulators on **1992-10-30**. The FDIC was named receiver.

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

Deposits were transferred to **MERCANTILE BANK, NA** (BROWNSVILLE, TX). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 3404
- **FDIC Certificate:** 21190
- **FDIC FIN:** 4528
- **Bank name:** FIRST CITY, TEXAS - CORPUS CHRIS
- **Location:** CORPUS CHRISTI, TX
- **Failure date:** 1992-10-30
- **FDIC resolution date:** 1993-02-13
- **Charter type:** State commercial bank, Federal Reserve member
- **Resolution type:** Purchase & Assumption — acquiring bank assumed deposits + bought assets
- **Estimated FDIC DIF cost:** $0M
- **Deposits at failure:** $383M
- **Assets at failure:** $463M
- **Acquiring bank:** MERCANTILE BANK, NA (BROWNSVILLE, TX)

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=FIRST%20CITY%2C%20TEXAS%20-%20CORPUS%20CHRIS

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, FIRST CITY, TEXAS - CORPUS CHRIS (FDIC ID 3404), failed 1992-10-30. Retrieved via AI Analytics 2026-05-18 from https://api.ai-analytics.org/failed-bank/3404.

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