# FIRST NB OF THE PANHANDLE

> **Failed bank** · PANHANDLE, TX · failed 1996-06-14 · National commercial bank (OCC-chartered) · FDIC cost $16M

## What happened

FIRST NB OF THE PANHANDLE of PANHANDLE, TX was closed by the OCC on **1996-06-14**. The FDIC was named receiver.

**Resolution:** Payout / Insured deposits — FDIC paid insured deposits directly to depositors

Deposits were transferred to **SUN BANK** (SUNRAY, TX). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 3508
- **FDIC Certificate:** 3382
- **FDIC FIN:** 4627
- **Bank name:** FIRST NB OF THE PANHANDLE
- **Location:** PANHANDLE, TX
- **Failure date:** 1996-06-14
- **FDIC resolution date:** 1996-06-14
- **Charter type:** National commercial bank (OCC-chartered)
- **Resolution type:** Payout / Insured deposits — FDIC paid insured deposits directly to depositors
- **Estimated FDIC DIF cost:** $16M
- **Deposits at failure:** $68M
- **Assets at failure:** $68M
- **Acquiring bank:** SUN BANK (SUNRAY, TX)

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=FIRST%20NB%20OF%20THE%20PANHANDLE

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, FIRST NB OF THE PANHANDLE (FDIC ID 3508), failed 1996-06-14. Retrieved via AI Analytics 2026-07-19 from https://api.ai-analytics.org/failed-bank/3508.

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