Bank failure · TX
National Bk of Odessa (Odessa, TX) — failed September 30, 1983
National Bk of Odessa of Odessa, Texas was closed on September 30, 1983 and resolved through a purchase and assumption. First Stb of Odessa NA (TX) took over its insured deposits. At failure it held $92.9M in assets and $100.5M in deposits. The FDIC's estimated loss on the failure is $22.7M (24.4% of assets).
- Closing date
- September 30, 1983
- FDIC certificate #
- 17957
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- First Stb of Odessa NA
- Insurance fund
- FDIC
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