Bank failure · TX
The First National Bank of Georgetown (Georgetown, TX) — failed May 17, 1990
The First National Bank of Georgetown of Georgetown, Texas was closed on May 17, 1990 and resolved through a purchase and assumption. Ncnb Texas National Bank (TX) took over its insured deposits. At failure it held $71.6M in assets and $70.3M in deposits. The FDIC's estimated loss on the failure is $32.9M (45.9% of assets).
- Closing date
- May 17, 1990
- FDIC certificate #
- 3216
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Ncnb Texas National Bank
- Insurance fund
- BIF
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