CENTURY NATIONAL BANK Failed 1988
What happened
CENTURY NATIONAL BANK of AUSTIN, TX was closed on 1988-06-16. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to COMMUNITY NATIONAL BANK (AUSTIN, TX). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 1774
- FDIC Certificate
- 24300
- FDIC FIN
- 2830
- Bank name
- CENTURY NATIONAL BANK
- Location
- AUSTIN, TX
- Failure date
- 1988-06-16
- FDIC resolution date
- 1988-06-16
- Charter type
- National commercial bank (OCC-chartered)
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $14M
- Deposits at failure
- $56M
- Assets at failure
- $54M
- Acquiring bank
- COMMUNITY NATIONAL BANK (AUSTIN, TX)
Other banks COMMUNITY NATIONAL BANK acquired in FDIC resolutions