Bank failure · TX
The First National Bank of San Marcos (San Marcos, TX) — failed January 4, 1990
The First National Bank of San Marcos of San Marcos, Texas was closed on January 4, 1990 and resolved through a purchase and assumption. Victoria Bank & Trust Compa (TX) took over its insured deposits. At failure it held $77.6M in assets and $80.0M in deposits. The FDIC's estimated loss on the failure is $22.8M (29.4% of assets).
- Closing date
- January 4, 1990
- FDIC certificate #
- 5517
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Victoria Bank & Trust Compa
- Insurance fund
- BIF
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