Data / Bank failures / The First National Bank of

Failed banks taken over by The First National Bank of: 16

Name: Failed banks taken over by The First National Bank of: 16
Creator: SpecStream
License: https://creativecommons.org/licenses/by/4.0/

The First National Bank of took over 16 failed banks between March 16, 1989 and May 10, 1991, holding $984.3 million in assets and $979.4 million in deposits. The FDIC estimates the cost to its insurance fund at $269.3 million. The largest: Merchantsbank of Boston, A Co-Op ($392.2 million), Boston Trade Bank ($307 million), The Washington Bank (of Maryland) ($39 million).

SpecStream is the live web data engine for teams and agents. It reads the FDIC failed bank data every morning, and this page is that reading. Ask for the banks you follow and each new closure arrives in your sheet, CRM, Slack or agent as the FDIC announces it.

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Every bank it took over, newest first

Bank	City	State	Closed	Assets	Deposits	Estimated cost	Acquirer
The Washington Bank (of Maryland)	Baltimore	MD	May 10, 1991	$39 million	$39 million	$968,346	The First National Bank of
Boston Trade Bank	Boston	MA	May 3, 1991	$307 million	$301.5 million	$127.3 million	The First National Bank of
The State Bank of Omaha	Omaha	TX	December 14, 1990	$20.5 million	$20.6 million	$5.3 million	The First National Bank of
United Peoples Bank	Lampasas	TX	October 11, 1990	$32.7 million	$32.8 million	$6.5 million	The First National Bank of
Merchantsbank of Boston, A Co-Op	Boston	MA	May 18, 1990	$392.2 million	$391 million	$95.6 million	The First National Bank of
Alvord National Bank	Alvord	TX	March 29, 1990	$7.6 million	$7.7 million	$495,560	The First National Bank of
Liberty City State Bank	Liberty City	TX	March 15, 1990	$15.2 million	$15 million	$1.5 million	The First National Bank of
Farmers State Bank of Shiro, Texas	Shiro	TX	January 25, 1990	$4.6 million	$4.4 million	$2.1 million	The First National Bank of
First Security Bank of Glendive	Glendive	MT	December 1, 1989	$32.4 million	$31.9 million	$387,903	The First National Bank of
Strawn Security Bank	Strawn	TX	October 5, 1989	$14.4 million	$14.1 million	$5.4 million	The First National Bank of
Hildalgo County Bank	Mercedes	TX	July 26, 1989	$18.9 million	$18.6 million	$3.4 million	The First National Bank of
Bennett National Bank	Bennett	CO	July 13, 1989	$8.3 million	$8 million	$2.8 million	The First National Bank of
The First National Bank of Gordon	Gordon	TX	May 18, 1989	$10.9 million	$11.6 million	$1.3 million	The First National Bank of
Security Bank & Trust Company	Wharton	TX	May 18, 1989	$34.8 million	$37.1 million	$9.4 million	The First National Bank of
First National Bank of Nocona	Nocona	TX	April 6, 1989	$23.3 million	$24.1 million	$4.7 million	The First National Bank of
The Farmers & Merchants State Bank	Ballinger	TX	March 16, 1989	$22.5 million	$22 million	$2.1 million	The First National Bank of

Other acquiring banks

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.