Data / Bank failures / First Bank
Failed banks taken over by First Bank: 11
First Bank took over 11 failed banks between August 13, 1987 and January 21, 2011, holding $1.49 billion in assets and $1.29 billion in deposits. The FDIC estimates the cost to its insurance fund at $407.4 million. The largest: Cooperative Bank ($966.8 million), The Bank of Asheville ($204.9 million), Katy National Bank ($52 million).
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Every bank it took over, newest first
| Bank | City | State | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|---|
| The Bank of Asheville | Asheville | NC | January 21, 2011 | $204.9 million | $199.4 million | $43.9 million | First Bank |
| Cooperative Bank | Wilmington | NC | June 19, 2009 | $966.8 million | $768.5 million | $287.3 million | First Bank |
| Buchel Bank & Trust Co. | Cuero | TX | August 22, 1991 | $25 million | $24.8 million | $1.3 million | First Bank |
| Farmers State Bank of Madisonvillle | Madisonville | TX | November 29, 1990 | $34.8 million | $34.6 million | $1.6 million | First Bank |
| Citizens National Bank | El Campo | TX | August 30, 1990 | $51.3 million | $53.2 million | $10.2 million | First Bank |
| Farmers State Bank of Brookshire | Brookshire | TX | May 24, 1990 | $19.4 million | $19.6 million | $3.3 million | First Bank |
| Farmers State Bank | Schulenberg | TX | March 8, 1990 | $32.7 million | $33.4 million | $6.7 million | First Bank |
| First State Bank of McKinney | McKinney | TX | August 17, 1989 | $18.1 million | $20.2 million | $3.7 million | First Bank |
| Katy National Bank | Katy | TX | May 4, 1989 | $52 million | $55.3 million | $17.8 million | First Bank |
| First Capitol Bank | West Columbia | TX | July 28, 1988 | $50 million | $46.3 million | $23.3 million | First Bank |
| The First National Bank of Navasota | Navasota | TX | August 13, 1987 | $31.7 million | $31 million | $8.2 million | First Bank |
Other acquiring banks
- NCNB Texas National Bank 66
- Texas American Bridge Bank 24
- Bank One, Texas, N.A. 20
- First State Bank 18
- Kilgore FS&LA 16
- The First National Bank of 16
- Consolidated S&LA 15
- Hibernia National Bank in T 15
- Citizens Bank 12
- State Bank and Trust Company 12
- Deposit Guaranty Bank 11
- Olney S&LA 11
- U.S. Bank, NA 11
- American Federal Bank FSB 10
- Ameris Bank 10
- Central Bank 9
- First-Citizens Bank & Trust Company 9
- Home Sa of America 9
- Citizens State Bank 8
- Community & Southern Bank 8
- First American Bank 8
- Bank of the Ozarks 7
- Centennial Bank 7
- Channelview Bank 7
- Hibernia National Bank 7
- Pacific Southwest SB FSB 7
- Premier American Bank, National Association 7
- Texas Commerce Bank NA 7
- Bank One, Texas, National A 6
- Comerica Bank-Texas 6
- First FSB 6
- First National Bank 6
- Horizon FS&LA 6
- Household Bank FSB 6
- Republic Bank of Chicago 6
- Sunbelt Savings FSB 6
- 1ST United Bank 5
- American National Bank 5
- Anchor Savings Bank FSB 5
- Centerstate Bank of Florida, National Association 5
Read from the FDIC's failures data (BankFind), last updated 2026-10-23. Assets and deposits are as of the last report before failure; the estimated cost is the FDIC's latest estimate of the loss to its insurance fund and changes as the receivership winds down. Free to reuse with credit to SpecStream under CC BY 4.0.