Bank Failure
NBC Bank-Rio Grande Valley, N.A.
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Closed June 1, 1990 · Mission, TX · FDIC Cert #15488.
- Closing date
- June 1, 1990
- Headquarters
- Mission, TX
- FDIC Certificate
- 15488
- Total assets at closing
- $138.7M
- Total deposits at closing
- $135.2M
- Estimated loss to the insurance fund
- Not published (the FDIC feed carries no estimate for this failure)
- Insurance fund
- Bank Insurance Fund (BIF)
- Resolution
- Failure (closed by regulators)
- Acquirer
- NCNB Texas National Bank
Context
On June 1, 1990, regulators closed NBC Bank-Rio Grande Valley, N.A., headquartered in Mission, TX. At closing, the institution held approximately $138.7M in assets and $135.2M in deposits. The FDIC record names NCNB Texas National Bank as the acquiring institution in the resolution.
By assets at closing this is the 997th largest of the 3,526 bank failures in the FDIC record, and the 126th of 381 in 1990. It falls in the period the record labels S&L / Banking Crisis (1980-1995), a period with 2,367 failures peaking at 530 in 1989.
Deregulation, interest-rate shocks, and commercial real estate blowups produced the worst US banking failure wave since the Depression. Resulted in FIRREA (1989) and the RTC.
Source: FDIC Failed Banks list. Asset and deposit values reflect the most recent regulatory filing prior to closing.
Common questions
When did NBC Bank-Rio Grande Valley, N.A. fail?
NBC Bank-Rio Grande Valley, N.A. was closed by regulators on June 1, 1990.
Who acquired NBC Bank-Rio Grande Valley, N.A.?
The FDIC record names NCNB Texas National Bank as the acquiring institution in the resolution of NBC Bank-Rio Grande Valley, N.A.
How big was NBC Bank-Rio Grande Valley, N.A. when it failed?
NBC Bank-Rio Grande Valley, N.A. had approximately $138.7M in total assets and $135.2M in deposits at the time of failure.
Other failures in 1990
| Date | Bank | Assets |
|---|---|---|
| Dec 28, 1990 | Capitol Bank and Trust Company | $485.6M |
| Dec 28, 1990 | Southern FS | $230.8M |
| Dec 28, 1990 | First FS & La of Andalusia | $38.7M |
| Dec 27, 1990 | Enterprise Savings Bank, F.A. | $432.6M |
| Dec 21, 1990 | Arkansas FSB | $71.7M |
| Dec 15, 1990 | Mid-America FS & La | $1.21B |
| Dec 14, 1990 | Community FS & La | $1.98B |
| Dec 14, 1990 | Comfed Savings Bank | $1.40B |
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