Bank failure · TX
Medcentre Bank,n.A. (San Antonio, TX) — failed September 14, 1989
Medcentre Bank,n.A. of San Antonio, Texas was closed on September 14, 1989 and resolved through a purchase and assumption. First City, Texas-San Anton (TX) took over its insured deposits. At failure it held $27.8M in assets and $30.2M in deposits. The FDIC's estimated loss on the failure is $6.7M (24.1% of assets).
- Closing date
- September 14, 1989
- FDIC certificate #
- 25731
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- First City, Texas-San Anton
- Insurance fund
- BIF
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