Bank failure · TX
First National Bank of Nocona (Nocona, TX) — failed April 6, 1989
First National Bank of Nocona of Nocona, Texas was closed on April 6, 1989 and resolved through a purchase and assumption. The First National Bank of (TX) took over its insured deposits. At failure it held $23.3M in assets and $24.1M in deposits. The FDIC's estimated loss on the failure is $4.7M (20.2% of assets).
- Closing date
- April 6, 1989
- FDIC certificate #
- 3366
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- The First National Bank of
- Insurance fund
- FDIC
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