The Graveyard › Banks › 2013
First National Bank
Edinburg, TX · failed September 13, 2013 · FDIC certificate 14318
First National Bank of Edinburg, TX failed on September 13, 2013. It opened in 1934, 79 years before. At its last report before that it held $3.1 billion in assets and $2.3 billion in deposits. At its largest in the FDIC's quarterly reports, on June 30, 2008, it held $4.6 billion. The FDIC estimates that the Deposit Insurance Fund lost $616.2 million on it.
1984-032013-06
Assets at the end$3.1 billionlast report before September 13, 2013
Deposits at the end$2.3 billion
Estimated loss to the fund$616.2 millionDIF
Largest in the quarterly reports$4.6 billionJune 30, 2008
Equity to assets5.6%June 30, 2013
Loans not being repaid14.5%noncurrent, June 30, 2013
Return on assets-0.91%a year's rate, June 30, 2013
Staff716full time, June 30, 2013
Also ended in 2013
- Mountain National Bank · Sevierville, TN · $437.3 million in assets
- Community South Bank · Parsons, TN · $386.9 million in assets
- Douglas County Bank · Douglasville, GA · $317.3 million in assets
- Frontier Bank · Lagrange, GA · $258.8 million in assets
- First Community Bank of Southwest Florida · Fort Myers, FL · $247.3 million in assets
- SUNRISE BANK OF ARIZONA · Phoenix, AZ · $202.2 million in assets
History, not advice.
Source: Federal Deposit Insurance Corporation, BankFind Suite API. Source values and institutional identifiers are retained; formatting and normalization by Underfolio. No FDIC endorsement is implied. How these numbers are made · Report a data issue.