Data / Bank failures / 1989 / Mbank Midcities, National Assoc
Mbank Midcities, National Assoc, Arlington, TX: failed March 28, 1989
Mbank Midcities, National Assoc in Arlington, Texas, failed on March 28, 1989. Bank One, Texas, N.A. of Dallas, TX, took over its deposits. It held $358 million in assets and $331.4 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $6.7 million (1.9% of its assets). By assets it was the 81st largest of 534 banks closed or assisted in 1989.
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The FDIC's record
- Closed
- March 28, 1989
- Type
- Failure
- How it was resolved
- Purchase and assumption: another bank took over the deposits
- Acquirer
- Bank One, Texas, N.A., Dallas, TX
- Total assets
- $357,997,000
- Total deposits
- $331,362,000
- Estimated cost to the FDIC
- $6,654,235 (estimate as of July 31, 2026)
- Charter
- National bank (supervised by the OCC)
- Insurance fund
- FDIC
- FDIC certificate
- 18571
Other bank failures in Texas, 1987 to 1991
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| Alvarado National Bank | Alvarado | November 14, 1991 | $9.2 million | $9.5 million | $2.8 million | The First National Bank in |
| Union Bank | San Antonio | October 31, 1991 | $84.9 million | $85.2 million | $8.9 million | Channelview Bank |
| First National Bank, Bedford | Bedford | October 24, 1991 | $23.2 million | $23.3 million | $2.4 million | First International Bank |
| First Federal Savings | Lubbock | October 11, 1991 | $223.7 million | $222.5 million | $5.2 million | First NB of Lubbock |
| Reagan State Bank | Big Lake | October 3, 1991 | $20.3 million | $20.9 million | $4.6 million | Security State Bank |
| First Federal Savings | Beaumont | September 27, 1991 | $251.2 million | $251.7 million | $24.9 million | Kilgore FS&LA |
| Davy Crockett FS & La | Crockett | September 13, 1991 | $50.5 million | $48.3 million | $2.3 million | |
| The San Saba National Bank | San Saba | August 29, 1991 | $15.6 million | $15.5 million | $1.1 million | First Llano Bank |
Other failed banks Bank One, Texas, N.A. took over
| Bank | City | State | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|---|
| Mbank the Woodlands, National Assoc | The Woodlands | TX | March 28, 1989 | $160.1 million | $155.6 million | $6.9 million | Bank One, Texas, N.A. |
| Mbank Houston, National Assoc | Houston | TX | March 28, 1989 | $3.31 billion | $2.57 billion | $731.6 million | Bank One, Texas, N.A. |
| Mbank Abilene, National Association | Abilene | TX | March 28, 1989 | $199 million | $213.2 million | $73.3 million | Bank One, Texas, N.A. |
| Mbank Denton County, National Assoc | Lewisville | TX | March 28, 1989 | $220.1 million | $212.3 million | $1.3 million | Bank One, Texas, N.A. |
| Mbank Orange, National Assoc | Orange | TX | March 28, 1989 | $149.8 million | $144.5 million | $4.2 million | Bank One, Texas, N.A. |
| Mbank Odessa, National Assoc | Odessa | TX | March 28, 1989 | $317.6 million | $298.5 million | $7.1 million | Bank One, Texas, N.A. |
| Mbank Round Rock, National Assoc | Round Rock | TX | March 28, 1989 | $164.6 million | $162.6 million | $17.9 million | Bank One, Texas, N.A. |
| Mbank Wichita Falls, National Assoc | Wichita Falls | TX | March 28, 1989 | $484.8 million | $450.5 million | $15.7 million | Bank One, Texas, N.A. |
All bank failures in 1989 · All bank failures in Texas · Every failed bank Bank One, Texas, N.A. took over · The full failed bank list
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.