Bank failure · TX
First National Bank of Crosby (Crosby, TX) — failed February 26, 1987
First National Bank of Crosby of Crosby, Texas was closed on February 26, 1987 and resolved through a purchase and assumption. First Nb of Crosby (TX) took over its insured deposits. At failure it held $7.8M in assets and $8.0M in deposits. The FDIC's estimated loss on the failure is $2.4M (30.6% of assets).
- Closing date
- February 26, 1987
- FDIC certificate #
- 24356
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- First Nb of Crosby
- Insurance fund
- FDIC
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