Bank failure · TX
First Consolidated Bank - Pleasant Run (Lancaster, TX) — failed October 20, 1989
First Consolidated Bank - Pleasant Run of Lancaster, Texas was closed on October 20, 1989 and resolved through a purchase and assumption. First City, Texas - Bryan, (TX) took over its insured deposits. At failure it held $19.3M in assets and $19.8M in deposits. The FDIC's estimated loss on the failure is $6.1M (31.7% of assets).
- Closing date
- October 20, 1989
- FDIC certificate #
- 25782
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- First City, Texas - Bryan,
- Insurance fund
- BIF
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