TEXAS NATIONAL BANK Failed 1988
What happened
TEXAS NATIONAL BANK of VICTORIA, TX was closed on 1988-06-23. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to TEXAS NB OF VICTORIA (VICTORIA, TX). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 1780
- FDIC Certificate
- 25793
- FDIC FIN
- 2835
- Bank name
- TEXAS NATIONAL BANK
- Location
- VICTORIA, TX
- Failure date
- 1988-06-23
- FDIC resolution date
- 1988-06-23
- Charter type
- National commercial bank (OCC-chartered)
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $3M
- Deposits at failure
- $15M
- Assets at failure
- $14M
- Acquiring bank
- TEXAS NB OF VICTORIA (VICTORIA, TX)