OAK HILL NATIONAL BANK Failed 1989

What happened

OAK HILL NATIONAL BANK of TRAVIS COUNTY, TX was closed on 1989-01-12. The FDIC was named receiver.

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

Deposits were transferred to COMMUNITY NATIONAL BANK (AUSTIN, TX). Customers became depositors of the acquiring bank automatically.

Key facts

FDIC ID

2072

FDIC Certificate

26655

FDIC FIN

2952

Bank name

OAK HILL NATIONAL BANK

Location

TRAVIS COUNTY, TX

Failure date

1989-01-12

FDIC resolution date

1989-01-12

Charter type

National commercial bank (OCC-chartered)

Resolution type

Purchase & Assumption — acquiring bank assumed deposits + bought assets

FDIC DIF cost (est.)

$6M

Deposits at failure

$18M

Assets at failure

$18M

Acquiring bank

COMMUNITY NATIONAL BANK (AUSTIN, TX)

Other banks COMMUNITY NATIONAL BANK acquired in FDIC resolutions

• THE LA COSTE NATIONAL BANK (LA COSTE, TX) — failed 2010-02-19
• CENTURY NATIONAL BANK (AUSTIN, TX) — failed 1988-06-16
• HERITAGE NATIONAL BANK (AUSTIN, TX) — failed 1987-12-10