Bank failure · TX
Metro Bank (Midland, TX) — failed July 29, 1983
Metro Bank of Midland, Texas was closed on July 29, 1983 and resolved through a purchase and assumption. Mid-Cities National Bank (TX) took over its insured deposits. At failure it held $33.6M in assets and $31.1M in deposits. The FDIC's estimated loss on the failure is $13.2M (39.2% of assets).
- Closing date
- July 29, 1983
- FDIC certificate #
- 22765
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Mid-Cities National Bank
- Insurance fund
- FDIC
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