Bank failure · TX
First Consolidated Bank - Ferris (Ferris, TX) — failed October 20, 1989
First Consolidated Bank - Ferris of Ferris, Texas was closed on October 20, 1989 and resolved through a purchase and assumption. First City, Texas-Bryan, NA (TX) took over its insured deposits. At failure it held $12.0M in assets and $11.2M in deposits. The FDIC's estimated loss on the failure is $3.2M (27.0% of assets).
- Closing date
- October 20, 1989
- FDIC certificate #
- 1187
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- First City, Texas-Bryan, NA
- Insurance fund
- BIF
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