FIRST INTERNATIONAL BANK Failed 2011

What happened

FIRST INTERNATIONAL BANK of PLANO, TX was closed on 2011-09-30. The FDIC was named receiver.

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

Deposits were transferred to AMERICAN FIRST NATIONAL BANK (HOUSTON, TX). Customers became depositors of the acquiring bank automatically.

Key facts

FDIC ID

3964

FDIC Certificate

33513

FDIC FIN

10398

Bank name

FIRST INTERNATIONAL BANK

Location

PLANO, TX

Failure date

2011-09-30

FDIC resolution date

2011-09-30

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.)

$58M

Deposits at failure

$209M

Assets at failure

$240M

Acquiring bank

AMERICAN FIRST NATIONAL BANK (HOUSTON, TX)