USBANK Failed 1987

DENTON, TX · State commercial bank, non-Federal Reserve member (FDIC-supervised) · view on FDIC BankFind ↗

What happened

USBANK of DENTON, TX was closed on 1987-12-17. The FDIC was named receiver.

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

Deposits were transferred to UNITED NATIONAL BANK (DALLAS, TX). Customers became depositors of the acquiring bank automatically.

Key facts

FDIC ID
1583
FDIC Certificate
18679
FDIC FIN
2768
Bank name
USBANK
Location
DENTON, TX
Failure date
1987-12-17
FDIC resolution date
1987-12-17
Charter type
State commercial bank, non-Federal Reserve member (FDIC-supervised)
Resolution type
Purchase & Assumption — acquiring bank assumed deposits + bought assets
FDIC DIF cost (est.)
$20M
Deposits at failure
$85M
Assets at failure
$86M
Acquiring bank
UNITED NATIONAL BANK (DALLAS, TX)