AMERICAN NATIONAL BANK Failed 1988

STAFFORD, TX · National commercial bank (OCC-chartered) · view on FDIC BankFind ↗

What happened

AMERICAN NATIONAL BANK of STAFFORD, TX was closed on 1988-02-25. The FDIC was named receiver.

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

Deposits were transferred to PARK NB OF HOUSTON (HOUSTON, TX). Customers became depositors of the acquiring bank automatically.

Key facts

FDIC ID
1632
FDIC Certificate
23972
FDIC FIN
2790
Bank name
AMERICAN NATIONAL BANK
Location
STAFFORD, TX
Failure date
1988-02-25
FDIC resolution date
1988-02-25
Charter type
National commercial bank (OCC-chartered)
Resolution type
Purchase & Assumption — acquiring bank assumed deposits + bought assets
FDIC DIF cost (est.)
$9M
Deposits at failure
$30M
Assets at failure
$31M
Acquiring bank
PARK NB OF HOUSTON (HOUSTON, TX)