Data / Bank failures / 1983 / The First Nat BK of Midland
The First Nat BK of Midland, Midland, TX: failed October 14, 1983
The First Nat BK of Midland in Midland, Texas, failed on October 14, 1983. Republicbank 1ST Natl Mi of Midland, TX, took over its deposits. It held $1.41 billion in assets and $780.1 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $526.6 million (37.4% of its assets). By assets it was the 4th largest of 99 banks closed or assisted in 1983.
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The FDIC's record
- Closed
- October 14, 1983
- Type
- Failure
- How it was resolved
- Purchase and assumption: another bank took over the deposits
- Acquirer
- Republicbank 1ST Natl Mi, Midland, TX
- Total assets
- $1,409,639,000
- Total deposits
- $780,076,000
- Estimated cost to the FDIC
- $526,577,400 (estimate as of July 31, 2026)
- Charter
- National bank (supervised by the OCC)
- Insurance fund
- FDIC
- FDIC certificate
- 3343
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.