Bank failure · TX

First National Bank of Corpus Christi (Corpus Christi, TX) — failed August 9, 1990

First National Bank of Corpus Christi of Corpus Christi, Texas was closed on August 9, 1990 and resolved through a purchase and assumption. First City, Texas-Corpus Ch (TX) took over its insured deposits. At failure it held $117.0M in assets and $116.5M in deposits. The FDIC's estimated loss on the failure is $19.7M (16.8% of assets).