Bank failure · TX

Nbc Bank- South Texas, National (Corpus Christi, TX) — failed June 1, 1990

Nbc Bank- South Texas, National of Corpus Christi, Texas was closed on June 1, 1990 and resolved through a purchase and assumption. Ncnb Texas National Bank (TX) took over its insured deposits. At failure it held $118.4M in assets and $126.5M in deposits. The FDIC's estimated loss on the failure is $10.4M (8.8% of assets).