FIRST NATIONAL BANK OF CEDAR PARK Failed 1989
What happened
FIRST NATIONAL BANK OF CEDAR PARK of CEDAR PARK, TX was closed on 1989-01-19. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to UNION NATIONAL BANK OF TEXA (AUSTIN, TX). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 2075
- FDIC Certificate
- 23350
- FDIC FIN
- 2957
- Bank name
- FIRST NATIONAL BANK OF CEDAR PARK
- Location
- CEDAR PARK, TX
- Failure date
- 1989-01-19
- FDIC resolution date
- 1989-01-19
- Charter type
- National commercial bank (OCC-chartered)
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $7M
- Deposits at failure
- $19M
- Assets at failure
- $19M
- Acquiring bank
- UNION NATIONAL BANK OF TEXA (AUSTIN, TX)
Other banks UNION NATIONAL BANK OF TEXA acquired in FDIC resolutions