# USBANK

> **Failed bank** · DENTON, TX · failed 1987-12-17 · State commercial bank, non-Federal Reserve member (FDIC-supervised) · FDIC cost $20M

## What happened

USBANK of DENTON, TX was closed by regulators 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
- **Estimated FDIC DIF cost:** $20M
- **Deposits at failure:** $85M
- **Assets at failure:** $86M
- **Acquiring bank:** UNITED NATIONAL BANK (DALLAS, TX)

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=USBANK

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, USBANK (FDIC ID 1583), failed 1987-12-17. Retrieved via AI Analytics 2026-07-14 from https://api.ai-analytics.org/failed-bank/1583.

---

*[FDIC failures dataset](/datasets/fdic-failures) · CC0 1.0*