THE FIRST NAT BK OF MIDLAND Failed 1983

MIDLAND, TX · National commercial bank (OCC-chartered) · view on FDIC BankFind ↗

What happened

THE FIRST NAT BK OF MIDLAND of MIDLAND, TX was closed on 1983-10-14. The FDIC was named receiver.

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

Deposits were transferred to REPUBLICBANK 1ST NATL MI (MIDLAND, TX). Customers became depositors of the acquiring bank automatically.

Key facts

FDIC ID
826
FDIC Certificate
3343
FDIC FIN
2365
Bank name
THE FIRST NAT BK OF MIDLAND
Location
MIDLAND, TX
Failure date
1983-10-14
FDIC resolution date
1983-10-14
Charter type
National commercial bank (OCC-chartered)
Resolution type
Purchase & Assumption — acquiring bank assumed deposits + bought assets
FDIC DIF cost (est.)
$527M
Deposits at failure
$780M
Assets at failure
$1,410M
Acquiring bank
REPUBLICBANK 1ST NATL MI (MIDLAND, TX)