UNITED BANK OF TEXAS Failed 1987
What happened
UNITED BANK OF TEXAS of AUSTIN, TX was closed on 1987-06-04. The FDIC was named receiver.
Resolution: Insured Deposit Transfer — insured deposits transferred to another bank
Deposits were transferred to MBANK AUSTIN NATIONAL AS (AUSTIN, TX). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 1445
- FDIC Certificate
- 20065
- FDIC FIN
- 6869
- Bank name
- UNITED BANK OF TEXAS
- Location
- AUSTIN, TX
- Failure date
- 1987-06-04
- FDIC resolution date
- 1987-06-04
- Charter type
- State commercial bank, non-Federal Reserve member (FDIC-supervised)
- Resolution type
- Insured Deposit Transfer — insured deposits transferred to another bank
- FDIC DIF cost (est.)
- $62M
- Deposits at failure
- $190M
- Assets at failure
- $208M
- Acquiring bank
- MBANK AUSTIN NATIONAL AS (AUSTIN, TX)