Bank failure · TX
First National Bank of Frisco (Frisco, TX) — failed December 7, 1989
First National Bank of Frisco of Frisco, Texas was closed on December 7, 1989 and resolved through a purchase and assumption. Hibernia National Bank in T (TX) took over its insured deposits. At failure it held $9.0M in assets and $9.4M in deposits. The FDIC's estimated loss on the failure is $976K (10.9% of assets).
- Closing date
- December 7, 1989
- FDIC certificate #
- 25166
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Hibernia National Bank in T
- Insurance fund
- BIF
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