Edinburg
When The First National Bank of Edinburg failed, it evolved
into
The First National Bank in Edinburg, charter 14124, a non-currency
issuing bank.
"Established in 1934 by local community
businessmen, First National Bank prospered and grew until the
financial crisis and poor lending policies resulted in large
numbers of defaulted loans which depleted the bank's capital.
At June 30, 2013 First National Bank had $418 million in non-current
loans and real estate owned resulting in a Texas Ratio of almost
200%. Historically, a bank with a Texas Ratio of over 100%
almost always winds up failing." [http://problembanklist.com/first-national-bank-edinburg-texas-closed-by-regulators-largest-bank-failure-in-over-three-years-0637/]
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