AMERICAN FEDERAL SAVINGS BANK Failed 1989
What happened
AMERICAN FEDERAL SAVINGS BANK of AUSTIN, TX was closed on 1989-04-06. The FDIC was named receiver.
Resolution: Insured Deposit Transfer — insured deposits transferred to another bank
Deposits were transferred to NCNB TEXAS NATIONAL BANK (DALLAS, TX). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 2346
- FDIC Certificate
- 32268
- FDIC FIN
- 6913
- Bank name
- AMERICAN FEDERAL SAVINGS BANK
- Location
- AUSTIN, TX
- Failure date
- 1989-04-06
- FDIC resolution date
- 1989-09-08
- Charter type
- Savings bank
- Resolution type
- Insured Deposit Transfer — insured deposits transferred to another bank
- FDIC DIF cost (est.)
- $14M
- Deposits at failure
- $32M
- Assets at failure
- $34M
- 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