Texas Insurance

The Federal Deposit Insurance Corporation prepares to take charge when the merger of two important but difficult, Texas bank holding companies, William L. Seidman, the chairman of the Agency.

The Federal Deposit Insurance Corporation prepares to take charge when the merger of two important but difficult, Texas bank holding companies, William L. Seidman, the chairman of the Agency.

The bank companies, which had announced the possibility of a merger this year, Texas American Bancshares Inc. of Fort Worth and the National Bancshares Corporation of Texas at San Antonio. Their combination of the State would be the sixth largest banking organization with approximately $ 8 billion in assets.

The two banks have been undertaken in a statement released Thursday by the FDIC in Washington, with a text of comments Mr. Seidman has been earmarked for a convention of the Oregon Bankers tonight at Glen Eden, Ore.

The amount of aid by the two banks is unclear, but Mr. Seidman noted that the total costs of cleaning up their problems, as well as through the first Republic Bank Corporation, would be less than $ 2 billion. First Republic Bank, the largest bank holding company in Texas, was also in the press release as one of the three largest banks in Texas in the direction of Mr. Seidman the floor.

MCorp, the second-largest bank company in Texas, which has not been called in the speech or News Release, we tried to avoid federal assistance through the sale of assets and attempt to raise $ 200 million capital from other sources. It was unclear if the regulatory authorities believe is MCorp survive or may require assistance for the year 1989.

A F.D.I.C. Spokesman, Alan J. Whitney, went to the notice. MCorp, with $ 20 billion in assets, lost $ 258.3 million last year and more than $ 58 million in the first quarter, but retains its capital are considered adequate. 10 per cent of the loss of its ability to prepared remarks, Mr. Seidman said the FDIC””pourrait lose this year more than 10 per cent of the total capital of $ 18.3 billion at the end of 1987. Previously, Mr. Seidman said the losses would not be more than 20 per cent of the capital this year.

The F.D.I.C. First bank to save the Republic in March collapse of a U.S. $ 1 billion of loans. He is currently in discussion with several interested groups has not been identified for the first acquisition of Republic Bank.

Some analysts had estimated the FDIC’s final cost saving First Republic Bank times higher than $ 5 billion over the agency’s largest bank saving. The participant from $ 4.5 billion four years ago on the Continental Illinois National Bank and Trust Company in Chicago.

The Agency has registered 50 million surplus last year, despite the indication of $ 1.12 billion in aid to crisis regions of Texas banks, including $ 970 the first city in Texas and $ Bancorporation 150 million for First BancTexas Group Inc operating loss

A loss this year the FDIC is the first operating loss since it was organized under the Roosevelt administration in 1933. The Fund receives payments of premiums for its member countries and banks in interest rates on investments and income from the sale of assets worried.

”We start with three other major banks in Texas this year,”Mr. Seidman said. ”If these operations are carried out, the main financial costs should be behind us and the health insurance fund should begin to increase again, in the year 1989.”

He said the troubled banks in Texas, Oklahoma and Alaska”wird remains a heavy burden for the FDIC, at least for the short term.”But he added that the Fund war”reichen, the problems that we can not predict at this time.”