# SEALY NATIONAL BANK

> **Failed bank** · SEALY, TX · failed 1987-03-05 · National commercial bank (OCC-chartered) · FDIC cost $2M

## What happened

SEALY NATIONAL BANK of SEALY, TX was closed by the OCC on **1987-03-05**. The FDIC was named receiver.

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

Deposits were transferred to **AUSTIN COUNTY STATE BANK** (BELLVILLE, TX). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 1380
- **FDIC Certificate:** 25326
- **FDIC FIN:** 2656
- **Bank name:** SEALY NATIONAL BANK
- **Location:** SEALY, TX
- **Failure date:** 1987-03-05
- **FDIC resolution date:** 1987-03-05
- **Charter type:** National commercial bank (OCC-chartered)
- **Resolution type:** Purchase & Assumption — acquiring bank assumed deposits + bought assets
- **Estimated FDIC DIF cost:** $2M
- **Deposits at failure:** $8M
- **Assets at failure:** $8M
- **Acquiring bank:** AUSTIN COUNTY STATE BANK (BELLVILLE, TX)

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=SEALY%20NATIONAL%20BANK

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, SEALY NATIONAL BANK (FDIC ID 1380), failed 1987-03-05. Retrieved via AI Analytics 2026-06-25 from https://api.ai-analytics.org/failed-bank/1380.

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