Bank Failure
First National Bank
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Closed September 13, 2013 · Edinburg, TX · FDIC Cert #14318.
- Closing date
- September 13, 2013
- Headquarters
- Edinburg, TX
- FDIC Certificate
- 14318
- Total assets at closing
- $3.09B
- Total deposits at closing
- $2.34B
- Estimated loss to the insurance fund
- $616.2M
- Insurance fund
- Deposit Insurance Fund (DIF)
- Resolution
- Failure (closed by regulators)
- Acquirer
- PlainsCapital Bank
Context
On September 13, 2013, regulators closed First National Bank, headquartered in Edinburg, TX. At closing, the institution held approximately $3.09B in assets and $2.34B in deposits. The FDIC record names PlainsCapital Bank as the acquiring institution in the resolution. The estimated cost to the Deposit Insurance Fund (DIF) was approximately $616.2M.
By assets at closing this is the 74th largest of the 3,526 bank failures in the FDIC record, and the 1st of 24 in 2013. It falls in the period the record labels Global Financial Crisis (2008-2013), a period with 489 failures peaking at 157 in 2010.
Source: FDIC Failed Banks list. Asset and deposit values reflect the most recent regulatory filing prior to closing.
Common questions
When did First National Bank fail?
First National Bank was closed by regulators on September 13, 2013.
Who acquired First National Bank?
The FDIC record names PlainsCapital Bank as the acquiring institution in the resolution of First National Bank.
How big was First National Bank when it failed?
First National Bank had approximately $3.09B in total assets and $2.34B in deposits at the time of failure.
Other failures in 2013
| Date | Bank | Assets |
|---|---|---|
| Dec 13, 2013 | Texas Community Bank, N.A. | $159.3M |
| Oct 30, 2013 | Bank of Jackson County | $24.7M |
| Sep 13, 2013 | The Community's Bank | $26.4M |
| Aug 23, 2013 | Community South Bank | $386.9M |
| Aug 23, 2013 | Sunrise Bank of Arizona | $202.2M |
| Aug 9, 2013 | Bank of Wausau | $43.6M |
| Aug 2, 2013 | First Community Bank of Southwest Florida | $247.3M |
| Jun 7, 2013 | Mountain National Bank | $437.3M |
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