TEXAS NATIONAL BANK Failed 1988
What happened
TEXAS NATIONAL BANK of DALLAS, TX was closed on 1988-12-15. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to CORNERSTONE BANK NA (DALLAS, TX). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 2005
- FDIC Certificate
- 23777
- FDIC FIN
- 2946
- Bank name
- TEXAS NATIONAL BANK
- Location
- DALLAS, TX
- Failure date
- 1988-12-15
- FDIC resolution date
- 1988-12-15
- Charter type
- National commercial bank (OCC-chartered)
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $18M
- Deposits at failure
- $47M
- Assets at failure
- $38M
- Acquiring bank
- CORNERSTONE BANK NA (DALLAS, TX)
Other banks CORNERSTONE BANK NA acquired in FDIC resolutions