NATIONAL BK OF ODESSA Failed 1983

What happened

NATIONAL BK OF ODESSA of ODESSA, TX was closed on 1983-09-30. The FDIC was named receiver.

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

Deposits were transferred to FIRST STB OF ODESSA NA (ODESSA, TX). Customers became depositors of the acquiring bank automatically.

Key facts

FDIC ID

820

FDIC Certificate

17957

FDIC FIN

2363

Bank name

NATIONAL BK OF ODESSA

Location

ODESSA, TX

Failure date

1983-09-30

FDIC resolution date

1983-09-30

Charter type

National commercial bank (OCC-chartered)

Resolution type

Purchase & Assumption — acquiring bank assumed deposits + bought assets

FDIC DIF cost (est.)

$23M

Deposits at failure

$101M

Assets at failure

$93M

Acquiring bank

FIRST STB OF ODESSA NA (ODESSA, TX)