# UNITED BANK OF TEXAS

> **Failed bank** · AUSTIN, TX · failed 1987-06-04 · State commercial bank, non-Federal Reserve member (FDIC-supervised) · FDIC cost $62M

## What happened

UNITED BANK OF TEXAS of AUSTIN, TX was closed by regulators 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
- **Estimated FDIC DIF cost:** $62M
- **Deposits at failure:** $190M
- **Assets at failure:** $208M
- **Acquiring bank:** MBANK AUSTIN NATIONAL AS (AUSTIN, TX)

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, UNITED BANK OF TEXAS (FDIC ID 1445), failed 1987-06-04. Retrieved via AI Analytics 2026-05-20 from https://api.ai-analytics.org/failed-bank/1445.

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