Another Top Ten Failure

Today, eight-ranked First International Bank of Plano, Texas, was closed today by the Texas Department of Banking. The approximately $239.9 million in total assets and $208.8 million in total deposits from First International Bank were taken over by American First National Bank (4021st) of Houston, Texas. The FDIC estimates that the cost to the Deposit Insurance Fund (DIF) will be $53.8 million.