BANKERS S & L ASSOC. Failed 1989
What happened
BANKERS S & L ASSOC. of GALVESTON, TX was closed on 1989-03-09. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to NCNB TEXAS NATIONAL BANK (DALLAS, TX). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 2175
- FDIC Certificate
- 27627
- FDIC FIN
- 6960
- Bank name
- BANKERS S & L ASSOC.
- Location
- GALVESTON, TX
- Failure date
- 1989-03-09
- FDIC resolution date
- 1990-03-16
- Charter type
- SL
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $20M
- Deposits at failure
- $115M
- Assets at failure
- $106M
- Acquiring bank
- NCNB TEXAS NATIONAL BANK (DALLAS, TX)
Other banks NCNB TEXAS NATIONAL BANK acquired in FDIC resolutions
- NBC BANK-KERRVILLE, NATIONAL ASSOC (KERRVILLE, TX) — failed 1990-06-01
- NBC BANK-AUSTIN, NATIONAL ASSOC (AUSTIN, TX) — failed 1990-06-01
- NBC BANK-HOUSTON, NATIONAL ASSOC (HOUSTON, TX) — failed 1990-06-01
- NBC BANK-UVALDE, NATIONAL ASSOC (UVALDE, TX) — failed 1990-06-01
- NBC BANK-BOERNE, NATIONAL ASSOC (BOERNE, TX) — failed 1990-06-01
- NBC BANK-RIO GRANDE VALLEY, NA (MISSION, TX) — failed 1990-06-01
- NBC BANK-SEGUIN, NATIONAL ASSOC (SEGUIN, TX) — failed 1990-06-01
- NBC BANK-SAN ANTONIO, NATIONAL ASSOC (SAN ANTONIO, TX) — failed 1990-06-01
- NBC BANK- SOUTH TEXAS, NATIONAL (CORPUS CHRISTI, TX) — failed 1990-06-01
- THE HUNTSVILLE NATIONAL BANK (HUNTSVILLE, TX) — failed 1990-05-31