TellerScore

Bank failure · TX

First City, Texas - Beaumont, NA (Beaumont, TX) — failed October 30, 1992

First City, Texas - Beaumont, NA of Beaumont, Texas was closed on October 30, 1992 and resolved through a purchase and assumption. Texas Commerce Bancshares, (TX) took over its insured deposits. At failure it held $532.2M in assets and $488.7M in deposits.

Closing date
October 30, 1992
FDIC certificate #
3093
Resolution
Purchase and assumption (failure)
Acquiring institution
Texas Commerce Bancshares,
Insurance fund
BIF

Other failures in 1992

What happens when a bank fails