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Amresco

AMRESCO was the new name given to "Financial Resource Management, Inc." (FRMI), a subsidiary of the NCNB Texas National Bank in 1992.

The subsidiary was created in 1990 after NCNB's name took a beating in the Texas market, after it successfully bidded and acquired the failed banks of Dallas-based "First Republic Bank Corporation" (FRBC) in 1988 from the Federal Deposit Insurance Corporation (FDIC). Prior to the creation of this subsidiary, the activities for which FRMI/AMRESCO was responsible, were conducted in NCNB's name.