# CENTURY NATIONAL BANK

> **Failed bank** · AUSTIN, TX · failed 1988-06-16 · National commercial bank (OCC-chartered) · FDIC cost $14M

## What happened

CENTURY NATIONAL BANK of AUSTIN, TX was closed by the OCC 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
- **Estimated FDIC DIF cost:** $14M
- **Deposits at failure:** $56M
- **Assets at failure:** $54M
- **Acquiring bank:** COMMUNITY NATIONAL BANK (AUSTIN, TX)

## Other banks COMMUNITY NATIONAL BANK has acquired in FDIC resolutions

- THE LA COSTE NATIONAL BANK (LA COSTE, TX) — failed 2010-02-19 — /failed-bank/3750
- OAK HILL NATIONAL BANK (TRAVIS COUNTY, TX) — failed 1989-01-12 — /failed-bank/2072
- HERITAGE NATIONAL BANK (AUSTIN, TX) — failed 1987-12-10 — /failed-bank/1576

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=CENTURY%20NATIONAL%20BANK

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, CENTURY NATIONAL BANK (FDIC ID 1774), failed 1988-06-16. Retrieved via AI Analytics 2026-06-25 from https://api.ai-analytics.org/failed-bank/1774.

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