AMERICAN NATIONAL BANK Failed 1988

What happened

AMERICAN NATIONAL BANK of TYLER, TX was closed on 1988-11-10. The FDIC was named receiver.

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

Deposits were transferred to FIRST NB OF WINNSBORO (WINNSBORO, TX). Customers became depositors of the acquiring bank automatically.

Key facts

FDIC ID

1980

FDIC Certificate

23979

FDIC FIN

2932

Bank name

AMERICAN NATIONAL BANK

Location

TYLER, TX

Failure date

1988-11-10

FDIC resolution date

1988-11-10

Charter type

National commercial bank (OCC-chartered)

Resolution type

Purchase & Assumption — acquiring bank assumed deposits + bought assets

FDIC DIF cost (est.)

$5M

Deposits at failure

$23M

Assets at failure

$22M

Acquiring bank

FIRST NB OF WINNSBORO (WINNSBORO, TX)