Data / Bank failures / 1983 / Metro Bank
Metro Bank, Midland, TX: failed July 29, 1983
Metro Bank in Midland, Texas, failed on July 29, 1983. Mid-Cities National Bank of Midland, TX, took over its deposits. It held $33.6 million in assets and $31.1 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $13.2 million (39.2% of its assets). By assets it was the 62nd largest of 99 banks closed or assisted in 1983.
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The FDIC's record
- Closed
- July 29, 1983
- Type
- Failure
- How it was resolved
- Purchase and assumption: another bank took over the deposits
- Acquirer
- Mid-Cities National Bank, Midland, TX
- Total assets
- $33,607,000
- Total deposits
- $31,113,000
- Estimated cost to the FDIC
- $13,173,460 (estimate as of July 31, 2026)
- Charter
- State nonmember bank (FDIC)
- Insurance fund
- FDIC
- FDIC certificate
- 22765
Other bank failures in Texas, 1981 to 1985
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| State S&LA of Lubbock (assistance) | Lubbock | December 20, 1985 | $841.6 million | $815 million | $1.15 billion | Merabank Texas FSB |
| Brownfield S&LA (assistance) | Brownfield | December 20, 1985 | $64.7 million | $59.9 million | $11 million | Merabank Texas, FSB |
| Hi-Plains S&LA (assistance) | Hereford | November 25, 1985 | $114.6 million | $100.5 million | $112.6 million | Consolidated S&LA |
| Chester State Bank | Chester | November 22, 1985 | $11.7 million | $11 million | $2.1 million | Bank of East Texas |
| First National Bank of Teague | Teague | November 14, 1985 | $32 million | $29.2 million | $7.9 million | |
| Northshore Bank | Houston | November 8, 1985 | $47.2 million | $43.3 million | $12.2 million | Bank of Woodforest |
| The Early Bank | Early | October 18, 1985 | $15.8 million | $15.1 million | $3.1 million | Texas Bank |
| Western State Bank | Denton | September 27, 1985 | $27.8 million | $23.7 million | $8 million | Texas Bank of Denton |
All bank failures in 1983 · All bank failures in Texas · 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.