Bank failure · TX
National Bank of Commerce of Brownsville (Brownsville, TX) — failed July 13, 1989
National Bank of Commerce of Brownsville of Brownsville, Texas was closed on July 13, 1989 and resolved through a purchase and assumption. Texas Commerce Bank Rio Gra (TX) took over its insured deposits. At failure it held $34.7M in assets and $34.8M in deposits. The FDIC's estimated loss on the failure is $17.2M (49.6% of assets).
- Closing date
- July 13, 1989
- FDIC certificate #
- 19431
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Texas Commerce Bank Rio Gra
- Insurance fund
- FDIC
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