# UNION BANK & TRUST OF DALLAS

> **Failed bank** · DALLAS, TX · failed 1988-05-05 · State commercial bank, non-Federal Reserve member (FDIC-supervised) · FDIC cost $8M

## What happened

UNION BANK & TRUST OF DALLAS of DALLAS, TX was closed by regulators on **1988-05-05**. The FDIC was named receiver.

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

Deposits were transferred to **CORNERSTONE BANK NA** (DALLAS, TX). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 1740
- **FDIC Certificate:** 22284
- **FDIC FIN:** 2813
- **Bank name:** UNION BANK & TRUST OF DALLAS
- **Location:** DALLAS, TX
- **Failure date:** 1988-05-05
- **FDIC resolution date:** 1988-05-05
- **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:** $8M
- **Deposits at failure:** $38M
- **Assets at failure:** $37M
- **Acquiring bank:** CORNERSTONE BANK NA (DALLAS, TX)

## Other banks CORNERSTONE BANK NA has acquired in FDIC resolutions

- TEXAS NATIONAL BANK (DALLAS, TX) — failed 1988-12-15 — /failed-bank/2005
- OAK LAWN BANK, N.A. (DALLAS, TX) — failed 1988-12-01 — /failed-bank/1988

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=UNION%20BANK%20%26%20TRUST%20OF%20DALLAS

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, UNION BANK & TRUST OF DALLAS (FDIC ID 1740), failed 1988-05-05. Retrieved via AI Analytics 2026-05-18 from https://api.ai-analytics.org/failed-bank/1740.

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