# ALLEN NATIONAL BANK

> **Failed bank** · ALLEN, TX · failed 1988-07-14 · National commercial bank (OCC-chartered) · FDIC cost $7M

## What happened

ALLEN NATIONAL BANK of ALLEN, TX was closed by the OCC on **1988-07-14**. The FDIC was named receiver.

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

Deposits were transferred to **BENCHMARK BANK** (QUINLAN, TX). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 1792
- **FDIC Certificate:** 23380
- **FDIC FIN:** 2842
- **Bank name:** ALLEN NATIONAL BANK
- **Location:** ALLEN, TX
- **Failure date:** 1988-07-14
- **FDIC resolution date:** 1988-07-14
- **Charter type:** National commercial bank (OCC-chartered)
- **Resolution type:** Purchase & Assumption — acquiring bank assumed deposits + bought assets
- **Estimated FDIC DIF cost:** $7M
- **Deposits at failure:** $26M
- **Assets at failure:** $26M
- **Acquiring bank:** BENCHMARK BANK (QUINLAN, TX)

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, ALLEN NATIONAL BANK (FDIC ID 1792), failed 1988-07-14. Retrieved via AI Analytics 2026-06-25 from https://api.ai-analytics.org/failed-bank/1792.

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