HERITAGE NATIONAL BANK Failed 1986

What happened

HERITAGE NATIONAL BANK of RICHARDSON, TX was closed on 1986-09-25. The FDIC was named receiver.

Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets

Deposits were transferred to BROOKHOLLOW NATIONAL BAN (RICHARDSON, TX). Customers became depositors of the acquiring bank automatically.

Key facts

FDIC ID

1280

FDIC Certificate

23738

FDIC FIN

2601

Bank name

HERITAGE NATIONAL BANK

Location

RICHARDSON, TX

Failure date

1986-09-25

FDIC resolution date

1986-09-25

Charter type

National commercial bank (OCC-chartered)

Resolution type

Purchase & Assumption — acquiring bank assumed deposits + bought assets

FDIC DIF cost (est.)

$14M

Deposits at failure

$30M

Assets at failure

$33M

Acquiring bank

BROOKHOLLOW NATIONAL BAN (RICHARDSON, TX)