Bank failure · TX
Midlothian National Bank (Midlothian, TX) — failed December 13, 1989
Midlothian National Bank of Midlothian, Texas was closed on December 13, 1989 and resolved through a purchase and assumption. The First National Bank in (TX) took over its insured deposits. At failure it held $10.0M in assets and $11.5M in deposits. The FDIC's estimated loss on the failure is $4.1M (41.4% of assets).
- Closing date
- December 13, 1989
- FDIC certificate #
- 24901
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- The First National Bank in
- Insurance fund
- BIF
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