Bank failure · TX
First National Bank of Richardson (Richardson, TX) — failed June 30, 1989
First National Bank of Richardson of Richardson, Texas was closed on June 30, 1989 and resolved through a purchase and assumption. Deposit Guaranty Bank (TX) took over its insured deposits. At failure it held $44.5M in assets and $46.7M in deposits. The FDIC's estimated loss on the failure is $8.8M (19.8% of assets).
- Closing date
- June 30, 1989
- FDIC certificate #
- 19069
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Deposit Guaranty Bank
- Insurance fund
- FDIC
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