Bank failure · TX
First Consolidated Bank - Hillsboro (Hillsboro, TX) — failed October 20, 1989
First Consolidated Bank - Hillsboro of Hillsboro, Texas was closed on October 20, 1989 and resolved through a purchase and assumption. First State Bank, Hubbard, (TX) took over its insured deposits. At failure it held $11.3M in assets and $10.8M in deposits. The FDIC's estimated loss on the failure is $2.1M (18.2% of assets).
- Closing date
- October 20, 1989
- FDIC certificate #
- 3123
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- First State Bank, Hubbard,
- Insurance fund
- BIF
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