NORTH CENTRAL NATIONAL BANK Failed 1987

What happened

NORTH CENTRAL NATIONAL BANK of AUSTIN, TX was closed on 1987-04-23. The FDIC was named receiver.

Resolution: Insured Deposit Transfer — insured deposits transferred to another bank

Deposits were transferred to GREATER TEXAS BANK NORTH (AUSTIN, TX). Customers became depositors of the acquiring bank automatically.

Key facts

FDIC ID

1422

FDIC Certificate

26201

FDIC FIN

5851

Bank name

NORTH CENTRAL NATIONAL BANK

Location

AUSTIN, TX

Failure date

1987-04-23

FDIC resolution date

1987-04-23

Charter type

National commercial bank (OCC-chartered)

Resolution type

Insured Deposit Transfer — insured deposits transferred to another bank

FDIC DIF cost (est.)

$11M

Deposits at failure

$23M

Assets at failure

$23M

Acquiring bank

GREATER TEXAS BANK NORTH (AUSTIN, TX)