Bank failure · TX
Hildalgo County Bank (Mercedes, TX) — failed July 26, 1989
Hildalgo County Bank of Mercedes, Texas was closed on July 26, 1989 and resolved through a purchase and assumption. The First National Bank of (TX) took over its insured deposits. At failure it held $18.9M in assets and $18.6M in deposits. The FDIC's estimated loss on the failure is $3.4M (17.8% of assets).
- Closing date
- July 26, 1989
- FDIC certificate #
- 1723
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- The First National Bank of
- Insurance fund
- FDIC
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