TEXANA NATIONAL BANK OF BELTON Failed 1988

What happened

TEXANA NATIONAL BANK OF BELTON of BELTON, TX was closed on 1988-12-01. The FDIC was named receiver.

Resolution: Insured Deposit Transfer — insured deposits transferred to another bank

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

Key facts

FDIC ID

1990

FDIC Certificate

25606

FDIC FIN

5954

Bank name

TEXANA NATIONAL BANK OF BELTON

Location

BELTON, TX

Failure date

1988-12-01

FDIC resolution date

1988-12-01

Charter type

National commercial bank (OCC-chartered)

Resolution type

Insured Deposit Transfer — insured deposits transferred to another bank

FDIC DIF cost (est.)

$6M

Deposits at failure

$19M

Assets at failure

$19M

Acquiring bank

FIRST NB OF TEMPLE (TEMPLE, TX)