FIRST NATIONAL BANK Failed 1984

What happened

FIRST NATIONAL BANK of SNYDER, TX was closed on 1984-05-04. The FDIC was named receiver.

Resolution: Insured Deposit Transfer — insured deposits transferred to another bank

Deposits were transferred to AMERICAN STB OF SNYDER (SNYDER, TX). Customers became depositors of the acquiring bank automatically.

Key facts

FDIC ID

873

FDIC Certificate

23335

FDIC FIN

5476

Bank name

FIRST NATIONAL BANK

Location

SNYDER, TX

Failure date

1984-05-04

FDIC resolution date

1984-05-04

Charter type

National commercial bank (OCC-chartered)

Resolution type

Insured Deposit Transfer — insured deposits transferred to another bank

FDIC DIF cost (est.)

$1M

Deposits at failure

$22M

Assets at failure

$24M

Acquiring bank

AMERICAN STB OF SNYDER (SNYDER, TX)