Bank failure · TX
Metropolitan National Bank (Farmers Branch, TX) — failed January 24, 1991
Metropolitan National Bank of Farmers Branch, Texas was closed on January 24, 1991 and resolved through a purchase and assumption. Comerica Bank-Texas (TX) took over its insured deposits. At failure it held $97.3M in assets and $98.5M in deposits. The FDIC's estimated loss on the failure is $15.4M (15.8% of assets).
- Closing date
- January 24, 1991
- FDIC certificate #
- 23461
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Comerica Bank-Texas
- Insurance fund
- BIF
Other failures in 1991
- North Ridge Bank FL
- Merchants National Bank MA
- Federal Finance & Mortgage, Ltd HI
- Bank of East Hartford CT
- Investors FSB VA
- The Bank Mart CT
- Granite Co-Operative Bank MA
- Saybrook Bank and Trust Company CT
- The Douglass Bank KS
- First National Bank of Miami FL
- Western Fs & LA IL
- White Horse Fs & LA NJ
- Peoples Fsa IA
- Chase Savings & Loan PA
- Durham Trust Company NH
- Alvarado National Bank TX
- Worthington State Bank IN
- Connecticut Savings Bank CT
- Cobb Fsa GA
- Delta FSB CA
- Community National Bank and Trust NY
- Marine View FSB NJ
- Union Bank TX
- Bank of the South LA