FIRST NATIONAL BANK Failed 2013
What happened
FIRST NATIONAL BANK of EDINBURG, TX was closed on 2013-09-13. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to PLAINSCAPITAL BANK (DALLAS, TX). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 4054
- FDIC Certificate
- 14318
- FDIC FIN
- 10488
- Bank name
- FIRST NATIONAL BANK
- Location
- EDINBURG, TX
- Failure date
- 2013-09-13
- FDIC resolution date
- 2013-09-13
- Charter type
- National commercial bank (OCC-chartered)
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $616M
- Deposits at failure
- $2,338M
- Assets at failure
- $3,086M
- Acquiring bank
- PLAINSCAPITAL BANK (DALLAS, TX)