Bank failure · TX
The First Nat Bk of Midland (Midland, TX) — failed October 14, 1983
The First Nat Bk of Midland of Midland, Texas was closed on October 14, 1983 and resolved through a purchase and assumption. Republicbank 1st Natl Mi (TX) took over its insured deposits. At failure it held $1.4B in assets and $780.1M in deposits. The FDIC's estimated loss on the failure is $526.6M (37.4% of assets).
- Closing date
- October 14, 1983
- FDIC certificate #
- 3343
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Republicbank 1st Natl Mi
- Insurance fund
- FDIC
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