Bank failure · TX
The First National Bank of Weslaco (Weslaco, TX) — failed February 20, 1987
The First National Bank of Weslaco of Weslaco, Texas was closed on February 20, 1987 and resolved through a payout (deposit payoff). 0 (0) took over its insured deposits. At failure it held $70.7M in assets and $73.2M in deposits. The FDIC's estimated loss on the failure is $16.0M (22.7% of assets).
- Closing date
- February 20, 1987
- FDIC certificate #
- 5579
- Resolution
- Payout (deposit payoff) (failure)
- Acquiring institution
- 0
- Insurance fund
- FDIC
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